Wednesday, October 8, 2014
Shares in Taiwan extended their losses Tuesday from a session earlier as foreign investors dragged down the spot market to give a boost to their extensive holdings in the futures market, dealers said.
Non-performing loans (NPLs) of the current 39 domestic banks in August decreased nearly 0.5 percent to NT$67.7 billion while total outstanding loans increased 0.3 percent to NT$24.59 trillion, according to the Financial Supervisory Commission (FSC).
The U.S. dollar fell against the New Taiwan dollar Tuesday, shedding NT$0.050 to close at NT$30.453, as traders took advantage of a favorable exchange rate to cash in their greenbacks for the local currency, dealers said.
Tuesday, October 7, 2014
With the arrival of 4G and 5G technologies, the Internet of Things (IoT) will be the next big thing for the electronics industry, said Gou Tai-chiang (郭台強), the chairman of the Taiwan Electrical and Electronics Manufacturers' Association (TEEMA) yesterday.
Following the passing of Fubon Group (富邦集團) Chairman Tsai Wan-tsai (蔡萬才) on Sunday at the age of 85, accountants yesterday estimated the inheritance tax for the patriarch's fortune at less than NT$200 million.
Amidst the downward correction of local equities market, AU Optronics Corp. (AUO,友達光電) became the target most oversold by foreign investors during the week of Sept. 29 to Oct. 3.
Shares in Taiwan edged down to below the 9,100-point mark after consolidating on Monday, despite staging a strong technical rebound on Friday, dealers said.
In addition to its bid to join regional free trade blocs, Taiwan also hopes to enter into talks with the European Union on the signing of a bilateral economic cooperation agreement (ECA), President Ma Ying-jeou (馬英九) said Monday.
Following in the steps of the South Korean foreign exchange, the U.S. dollar rose against the Taiwan dollar on Monday to close at a six-month high of NT$30.503 on the Taipei forex.
Local smartphone makers might have to wait until the second quarter of 2015 at the earliest to see smartphone original design manufacturing (ODM) orders come in from Amazon and Facebook, said a research firm.