GAMING
<strong>Soft-World to diversify</strong>
Soft-World International Corp (智冠科技), an online game developer, yesterday told shareholders that the company would continue to diversify its business scope, provide comprehensive service support and reach more overseas markets. The company’s non-gaming business segment such as online advertising and marketing, and financial technology has contributed more than 30 percent of its total sales, and the demand for related services continues to grow, the company told shareholders at its annual general meeting in Taipei. The company reported earnings per share of NT$6.84 for last year, the second-highest in the past 11 years. Shareholders yesterday approved a
EQUITIES
<strong>Foreigners sell more shares</strong>
Foreign investors last week sold a net NT$107.81 billion (US$3.63 million) in local shares after selling a net NT$41.45 billion a week earlier, the Taiwan Stock Exchange said in a statement yesterday. As of Friday, foreign investors had sold NT$890.04 billion in local shares since the beginning of the year, the exchange said. The top three shares sold by foreign investors last week were United Microelectronics Corp (聯電), Yuanta Financial Holding Co (元大金控) and Taiwan Semiconductor Manufacturing Co (台積電), while the top three shares bought by foreign investors were Innolux Corp (群創光電), CTBC Financial Holding Co (中信金控)
EQUITIES
<strong>Shares rise slightly</strong>
Shares closed slightly higher yesterday as the electronics sector gave up earlier gains with many investors reluctant to chase prices despite initial increases, dealers said. Buying switched to old economy stocks, in particular the transportation sector, which served as an anchor stabilizing the broader market amid lingering concerns over further volatility on global markets, they said. The TAIEX closed up 11.56 points, or 0.07 percent, at 16,156.41. Turnover totaled NT$232.94 billion (US$7.86 billion), with foreign institutional investors buying a net NT$2.03 billion of shares on the main board. The electronics sector fell 0.41 percent, with the semiconductor sub-index
EQUITIES
<strong>TAIEX rises on US rally</strong>
Taiwanese shares yesterday closed higher after a rally on US markets, but the gains were limited amid fears that volatility might return due to anticipated interest rate hikes by the US Federal Reserve, dealers said. The bellwether electronics sector continued a technical rebound from the previous session led by semiconductor heavyweights. However, the transportation and financial sectors fell, limiting the rally on the broader market, dealers said. The TAIEX closed up 68.50 points, or 0.43 percent, at 15,901.04. Turnover totaled NT$238.97 billion (US$8.02 billion), with foreign institutional investors selling a net NT$1.67 billion of shares, Taiwan