/PRNewswire/ According to the research report, NAND Flash Market will witness a YOY growth of 8.93% in 2022 at a CAGR of 7.19% during the forecast period..
EUQITIES
<strong>Fund outflow spikes</strong>
Taiwan saw a net foreign fund outflow of US$5.94 billion last month, which was not only the first net outflow this year, but also the second-largest outflow in a single month after US$10.3 billion in March 2020, data released yesterday by the Financial Supervisory Commission showed. In the first three months of this year, Taiwan had a net foreign fund outflow of US$680 million, the commission data showed. Foreign institutional investors last month sold a net NT$263 billion (US$9.12 billion) of local shares, Taiwan Stock Exchange data showed.
ELECTRONICS
<strong>Yageo profit rises 14.9%</strong>
Passive components maker Yageo Corp (國巨) yesterday said
MARKETS
<strong>Foreign sell-off tapers</strong>
Foreign investors last week sold a net NT$63.44 billion (US$2.25 billion) of local shares after selling NT$166.54 billion a week earlier, the Taiwan Stock Exchange said in a statement yesterday. As of Friday, foreign investors had sold NT$258.46 billion of local shares from the beginning of the year, it said. Last week, the top three shares foreign investors sold were Taiwan Semiconductor Manufacturing Co (台積電), Shin Kong Financial Holding Co (新光金控) and China Development Financial Holding Corp (中華開發金控), while the top three were CTBC Financial Holding Co (中信金控), China Steel Corp (中鋼) and Evergreen Marine Corp (長榮海運), the
EQUITIES
<strong>TAIEX rallies despite war</strong>
The TAIEX yesterday made a significant technical comeback after heavy losses last week triggered by Russia’s invasion of Ukraine. Bargain hunters could be found across the board, with the electronics sector which had been hard hit in focus. Buying also rotated to raw material stocks on the back of rising product prices, as well as shipping stocks due to hopes of high cash dividends, dealers said. However, the TAIEX failed to reach 18,000 during the session, as high technical hurdles remained above that level, the dealers added. The TAIEX closed up 246.07 points, or 1.39
Taipei, Feb. 14 (CNA) Taiwan-based manufacturing giant Hon Hai Precision Industry Co. is planning a joint venture in India to produce semiconductors, its latest move to diversify its business beyond electronics contract manufacturing.