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December, 8, 2016

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Taiwan > Business
Stock prices for Genius Electronic Optical (GSEO) hit NT$74.8 per share after the markets opened yesterday.
 
Shares in Taiwan jumped by more than 1 percent on Tuesday, powered by the bellwether electronics sector after strong performances by the tech-heavy Nasdaq index and the Philadelphia Semiconductor Index in the U.S. overnight, dealers said.
 
The iPhone 7 was the best-selling smartphone in Taiwan in October, a month after Apple launched the new phone in Taiwan's market, industry sources said Tuesday.
 
Production value in the local manufacturing sector fell 1.61 percent in the third quarter of this year from a year earlier, marking the seventh consecutive quarterly fall year-on-year, data released by the Ministry of Economic Affairs (MOEA) showed.
 
Black Friday coming soon
Television sets shown here Tuesday, Nov. 22 are expected to be a hot item during the 2016 Black Friday sales. Black Friday -- the Friday after Thanksgiving --takes place this week.
 
Gamania's answer to Line
Gamania Group CEO Liu Po-yuan (劉柏園) announces a new instant messaging app "BeanGo!" on Tuesday, Nov. 22. The app will feature private messaging, friend groups and other tools that will enable communication among users. Given that currently the Korean app Line is the most commonly used instant messaging app in Taiwan, BeanGo! will be competing with Line for users once it launches.
 
Taiwan's unemployment rate edged lower in October from the previous month but was still higher than the same period a year earlier, according to government figures released on Tuesday.
 
Net loss of overall securities firms in October 2016 was NT$45 million. Among them, net loss of integrated securities firms was NT$93 million, net income of securities brokerage firms was NT$50 million, and net loss of FCM that engaged in securities business was NT$1 million, according to a press release from the Taiwan Stock Exchange Co. (TWSE, 台灣證券交易所).
 
The U.S. dollar fell against the New Taiwan dollar Tuesday, shedding NT$0.055 to close at NT$31.945 as the local equity market staged a strong comeback, encouraging buying in the local currency, dealers said.
 
The real monthly earnings of Taiwanese workers in the first nine months of 2016 were down about 1 percent from the same period a year earlier and at about the same level they were 15 years ago, according to government figures released on Tuesday.
 
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