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Taiwan shares tumble as TSMC sheds over 4 7%

Taipei, July 1 (CNA) Shares in Taiwan moved sharply lower, falling by more than 480 points Friday as investors took cues from a plunge by tech stocks on the United States markets overnight in the wake of the latest unfavorable data pointing to high inflationary pressure, dealers said.

MediaTek leads nation in salary growth

Mobile phone chip designer MediaTek Inc (聯發科) posted an average of NT$5.15 million (US$173,249) in annual compensation for non-managerial employees last year, marking the highest among all firms listed on the Taiwan Stock Exchange (TWSE), exchange data showed. That is a 66 percent increase from the company’s average compensation of NT$3.08 million in 2020, as its earnings per share (EPS) expanded from NT$26.01 in 2020 to NT$70.56 last year. That is also three times higher than the average compensation of NT$1.7 million in the nation’s semiconductor industry, the data showed. The increases helped MediaTek advance its ranking from third in 2020, replacing

Taiwan shares fall by almost 200 points after big U S losses

Taipei, June 29 (CNA) Shares in Taiwan took a beating, plunging by almost 200 points Wednesday, as investors took cues from heavy losses suffered by the U.S. markets in the wake of weaker than expected economic data, dealers said.

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