U.S. dollar closes higher on Taipei forex market

Jan 22, 2020 admin Market Comments Off on U.S. dollar closes higher on Taipei forex market

Taipei-The U.S. dollar rose against the Taiwan dollar Wednesday, gaining NT$0.008 to close at NT$30.006.Turnover totaled US$843 million during the trading session.The greenback opened at NT$30.010,...

Think tank raises Taiwan 2020 GDP growth forecast to 2.67%

Jan 22, 2020 admin Market Comments Off on Think tank raises Taiwan 2020 GDP growth forecast to 2.67%

Taipei-The Taiwan Institute of Economic Research (TIER) said Wednesday that it has raised its forecast for Taiwan's gross domestic product (GDP) growth in 2020 on the back of higher than expected...

U.S. brokerage raises target price on TSMC shares to over NT$400

Jan 18, 2020 admin Market Comments Off on U.S. brokerage raises target price on TSMC shares to over NT$400

Taipei-An American brokerage has increased its target price on shares of Taiwan Semiconductor Manufacturing Co. (TSMC) to NT$402 (US$13.42) after the company's strong 2020 guidance at an investor...

TSMC Q4 net profit hits new high

Jan 16, 2020 admin Market Comments Off on TSMC Q4 net profit hits new high

Taipei-Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker, reported on Thursday record high quarterly net profit for the fourth quarter of last year on the back of...

Taiwan shares end higher amid optimism toward global trade

Jan 14, 2020 admin Market Comments Off on Taiwan shares end higher amid optimism toward global trade

TaipeiShares in Taiwan moved higher Tuesday on upbeat investor sentiment toward global trade, as the United States and China prepared to sign a phase-one trade deal later this week to resolve their...

Sony aiming to boost market share of flagship smartphones in Taiwan

Jan 14, 2020 admin Market Comments Off on Sony aiming to boost market share of flagship smartphones in Taiwan

TaipeiJapan-based Sony Corp. expressed optimism Tuesday that with the emergence of 5G technology, shipments of its flagship smartphone models will increase to 23 percent of the Android phone market...

Taiwan’s financial holding firms post record net profit in 2019

Jan 13, 2020 admin Market Comments Off on Taiwan’s financial holding firms post record net profit in 2019

Taipei-The 15 financial holding companies listed on Taiwan's equity market raked in an aggregate net profit NT$349.99 billion (US$11.70 billion) in 2019, which was a record annual high, according to...

Taiwan shares open higher

Jan 10, 2020 admin Market Comments Off on Taiwan shares open higher

Taipei-The Taiwan Stock Exchange's main index opened up 38.64 points at 12,009.27 Friday on turnover of NT$2.21 billion (US$73.89 million).Source: Focus Taiwan News Channel

Largan shares boosted by 2019 earnings; target price hits NT$6,000

Jan 10, 2020 admin Market Comments Off on Largan shares boosted by 2019 earnings; target price hits NT$6,000

Taipei-Shares of Largan Precision Co., a supplier of smartphone camera lenses to Apple Inc., soared more than 4 percent Friday after the company reported a day earlier a new high in net profit for...