Taipei, Dec. 1 (CNA) Shares in Taiwan moved higher on Wednesday as investors ignored heavy losses in the U.S. markets overnight after comments by the U.S. Federal Reserve chair on downsizing asset purchases, dealers said.
Taipei, Nov. 29 (CNA) Shares in Taiwan remained relatively resilient Monday amid concerns over the newly detected Omicron COVID-19 variant, in the wake of a plunge on United States markets at the end of last week, dealers said.
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Novatek Microelectronics Corp (聯詠), which designs driver ICs used in flat panels, expects revenue to drop up to 6 percent sequentially this quarter from an all-time high, as demand for consumer electronics, such as TVs and more affordable Chromebook computers, slackens in the low season.
Revenue is to fall to between NT$36 billion and NT$37 billion (US$1.29 billion and US$1.33 billion) this quarter, compared with NT$38.35 billion in the third quarter, Novatek president Steven Wang (王守仁) told investors in a virtual conference yesterday.
“The industry is entering its slow season in the fourth quarter,” Wang said. “Consumer electronics demand has started to
Taipei, Nov. 2 (CNA) Shares in Taiwan closed little changed Tuesday after giving up more than 160 points in early gains, while large cap tech stocks showed resilience and prevented the broader market from falling further, dealers said.