Saturday, November 30, 2013
Shares of Compal Electronics Inc. (仁寶電腦), one of Taiwan's leading contract laptop makers, dipped 0.45 percent in the late session on Friday and arrived at NT$22.35, despite expectations that its merger with Compal Communications Inc. (華寶通訊) would contribute toward its bottom line.
Asustek Computer Inc. (華碩電腦) returned to the top spot on the Ministry of Economic Affairs list of top Taiwanese global brands, squeezing HTC (宏達電) out of the list.
The U.S. dollar fell against the Taiwan dollar Friday, shedding NT$0.001 to close at NT$29.679 as local exporters continued to sell the greenback in exchange for the local currency to settle their monthly accounts, dealers said.
Although TAIEX dropped 0.5 percent or 43 points in November, it is widely believed that the index looks set to reach a yearly high in December, due to more liquidity brought in by the government's and conglomerates' funds.
Shares in Taiwan closed higher Friday as buying rotated to local manufacturers in the supply chain of Apple Inc., driven by strong demand for the company's new iPhone 5S, dealers said.
Friday, November 29, 2013
Cathay Financial Holding Co. cut its forecast for Taiwan's gross domestic product (GDP) growth for this year to below 2 percent on Thursday after the country posted weaker-than expected economic growth for the third quarter.
Game developers from Taiwan and abroad are preparing to gather in Taipei Dec. 5-6 to share their insights into the industry during the Taipei Summit of the Game Developers Conference (GDC).
Fresh off a five-day streak of consecutive gains, the TAIEX is poised to reach new heights in the year's final month, according to market commentators.