Taipei, July 27 (CNA) Shares in Taiwan bounced back from early losses on Wednesday, closing up more than 100 points, boosted by large-cap tech stocks and shares in the transportation sector, dealers said.
The shares of major producers of Ajinomoto Build-up Film (ABF) substrate underperformed compared with the broader market last week, as investors expected a dimmer outlook for the industry in the second half of this year.
The continued narrowing of the gap between supply and demand is likely to slow manufacturers’ earnings later this year and next year, analysts said, adding that investors are closely watching the effects of rising electronic product inventory on the ABF substrate sector’s supply-and-demand dynamics.
“We expect ABF substrate suppliers to see gradually weakening earnings growth in the second half of 2022 and in 2023, given weak sales
Taipei, June 15 (CNA) Shares in Taiwan moved lower Wednesday as late-session selling eroded earlier gains, with contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), the most heavily weighted stock in the local market, in focus.