EQUITIES
<strong>TAIEX dips on Ukraine fears</strong>
The TAIEX closed slightly lower yesterday as market sentiment continued to be haunted by Russia’s invasion of Ukraine, which battered global equity markets overnight. Losses focused on the bellwether electronics sector, but rotational buying in old-economy stocks in a market awash in ample liquidity helped to limit the broader market’s downturn, dealers said. The TAIEX closed down 30.65 points, or 0.17 percent, at 17,867.60. Turnover totaled NT$293.357 billion (US$10.45 billion), with foreign institutional investors selling a net NT$19.27 billion of shares on the main board, Taiwan Stock Exchange data showed. SEMICONDUCTORS
<strong>Mosel Vitelic net profit up</strong>
Foundry company
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
SEMICONDUCTORS
<strong>Nanya dividend approved</strong>
DRAM chipmaker Nanya Technology Corp (南亞科技) yesterday said that its board of directors has approved the distribution of a cash dividend of NT$3.7 per share. That represents about a 50 percent payout ratio based on the company’s earnings per share last year of NT$7.4. The board also approved capital spending capped at NT$28.4 billion (US$1.01 billion) to produce 10-nanometer memory chips, construct a new fab, and for research and development, Nanya said in a statement. Chips in the 10-nanometer class are made using process technologies of 10 to 20 nanometers. The board also agreed to the allocation of
EQUITIES
<strong>TAIEX makes a comeback</strong>
The TAIEX made a moderate comeback to close above 18,000 points yesterday, after tumbling a day earlier amid concerns over geopolitical tensions between Russia and Ukraine. Transportation led the rebound with buying across the sector, while the bellwether electronics sector came out of the doldrums, led by select large-cap semiconductor stocks. The TAIEX closed up 86.44 points, or 0.48 percent, at 18,055.73, after moving between 17,954.75 and 18,109.28. Turnover totaled NT$268.988 billion (US$9.65 billion), with foreign institutional investors selling a net NT$12.18 billion of shares on the main board, Taiwan Stock Exchange data showed. The TAIEX might
ENERGY
<strong>Power use rises 4.5 percent</strong>
As domestic companies expanded production to meet global demand and people gradually changed their lifestyles amid the COVID-19 pandemic, Taiwan’s energy consumption increased 4.5 percent last year from 2020, the Ministry of Economic Affairs said yesterday. Energy consumption in the industrial sector increased 8.5 percent from a year earlier due to increased economic activities; it decreased 5.2 percent in the transportation sector as people avoided going out to comply with social distancing measures; it rose 2.6 percent in the residential sector as people spent more time at home; and it fell 1.4 percent in the service