Reported about 1 year ago
Bitcoin has dropped over 20% from its high of $70,000 in early June to $55,400 currently. The decline is attributed to four main factors: compensation from Mt. Gox exchange, the German government's selling of over 50,000 bitcoins, potential profit holders affected by news, and miners selling off. Experts predict the market may not fully recover until early August. Ethereum has also experienced a similar drop. The crypto market is currently quiet, reflecting the impact of Bitcoin's decline.
Source: YAHOO
Reported about 1 year ago
Established for over 50 years, Yong Sheng Iron Mesh specializes in producing various metal meshes to meet growing customer needs. With a new 600-square-meter factory and upgraded production equipment, their manufacturing capacity and product variety have significantly increased, enabling faster service and meeting diverse customer requirements. Leveraging their rich mesh production experience, Yong Sheng excels in custom development, assisting businesses across sectors. Their high-quality metal meshes, including stainless steel, copper, galvanized, and black iron, boast features like stability, smooth surface, adequate tension, and resistance to deformation, reducing procurement costs and adding value. Products are not only sold domestically but also exported to Japan, Europe, and the US. For inquiries, contact: (04) 9230-2198.
Source: YAHOO
Reported about 1 year ago
Amid the AI boom, South Korean semiconductor exports have significantly rebounded, leading to a 50%+ shrinkage in the trade deficit with China in the first half of 2024 compared to the same period in 2023. However, due to changes in the traditional trade structure between South Korea and China, the likelihood of China becoming South Korea's largest trade surplus country again is lower. South Korea's semiconductor exports to China have played a crucial role in influencing the trade balance, but the export percentage has been decreasing, with China's improved self-sufficiency in various high-tech sectors affecting South Korea's export of intermediary materials to China as well.
Source: YAHOO
Reported about 1 year ago
Hsieh Chiao-yi / Taipei reported on July 8, 2024, at 4:10 PM, the Chairperson of the Financial Supervisory Commission, Peng Jinlong, stated that Taiwan's FinTech development is facing four challenges, including the lack of FinTech talent. To promote financial innovation with more room for error, under risk control, measures like establishing a 'Financial Market Development and Innovation Office', optimizing talent cultivation mechanisms, and more will be introduced. Peng Jinlong's report was postponed to Wednesday due to an early adjournment at the legislative Finance Committee meeting, where he planned to discuss how to promote FinTech development.
Source: YAHOO
Reported about 1 year ago
中美晶集團2024年上半年表現優異，合併營收達395.9億元，轉投資公司中朋程營收年增53％，宏捷科年增近200％，台特化上半年營收年成長率達96％。集團在再生能源等領域持續發展，為整體事業版圖增添競爭優勢和成長潛力。
Source: YAHOO
Reported about 1 year ago
The results of the selection process for Offshore Wind Power 3-2 phase were disclosed following the pricing bid on July 8, 2024, with developers bidding zero amounts. The Ministry of Economic Affairs held the final financial and technical review meeting on July 6, where all six bidders met the basic requirements, leading to a zero bidding scenario. The process of awarding the 900MW capacity to the top bidder was closely followed by industry players. The developers included CORIO, Ørsted, CIP, SRE, Sinowell Group, and VX Energy among others. The allocation of wind farm development rights will be based on ranking scores and price competitiveness upon the conclusion of the bidding process.
Source: YAHOO
Reported about 1 year ago
As of July 8, 2024, there are over 140,000 job opportunities in the tech industry in Taiwan, with experts suggesting that developing women power in technology is the most promising solution to the current talent shortage. This is due to the high demand for semiconductor and tech professionals, with over 96% of tech companies planning to recruit in the second half of the year. Strategies to address the talent shortage include enhancing cross-disciplinary talent development, focusing on cultivating internationally competitive talents, strengthening industry-academia collaboration, promoting a female-friendly environment, and creating a conducive atmosphere for international talents.
Source: YAHOO
Reported about 1 year ago
After the New Taiwan Dollar (NTD) saw its monthly moving average turn positive in May and then decrease slightly in June, it remained relatively stable compared to other major currencies. The NTD's Nominal Effective Exchange Rate (NEER) and Real Effective Exchange Rate (REER) both increased in June, reaching recent highs. This strength is attributed to the strong performance of the Taiwanese stock market. Despite global factors like the strengthening US dollar, the NTD remained resilient with modest depreciation. Looking ahead, the NTD's movement will continue to depend on US inflation data and market sentiments towards interest rate adjustments.
Source: YAHOO
Reported about 1 year ago
According to the report, in July 2024, power management IC chip providers MediaTek and Realtek revealed their consolidated revenue for June. While Realtek's revenue slightly declined in the second quarter compared to the first quarter, with a focus on old product shipments, cost improvement efforts are ongoing, leading to improving gross margins for the company. Realtek's operations have temporarily paused, but they are expected to pick up in the second half of the year with the transition to Wi-Fi 7 and advancements in other product lines. On the other hand, MediaTek saw a slight decline in monthly revenue but a significant year-on-year increase, with a positive outlook for the second half of the year, driven by the upcoming launch of second-generation DDR5 products and preparing for the growing demand in AI and high-power applications.
Source: YAHOO
Reported about 1 year ago
Chinova Technology and Huandeng Group have recently signed a memorandum of strategic cooperation to create an 'EV charging station storage and charging integration solution,' addressing the global market's needs for grid upgrades and expansion of charging stations. Starting in the second half of the year, they will establish overseas demonstration sites in Taiwan, the United States, Europe, Japan, Singapore, Thailand, and other Asia-Pacific markets. By combining Chinova's full range of DC to DC products with Huandeng Energy's thin energy storage wall system, they will invest in V2G and V2H technology development to achieve sustainable development in the global green transport market.
Source: YAHOO
Reported about 1 year ago
Vietnam's Ministry of Investment proposed the establishment of an investment incentive fund to attract foreign investors, in response to losing major overseas factories like Intel and LG Chemical due to lack of incentives. Intel had planned to invest $3.3 billion in Vietnam but ultimately chose Poland due to insufficient cash subsidies from the Vietnamese government. The government aims to attract $300-400 billion of foreign investments annually from 2021 to 2025 and increase it to $400-500 billion from 2026 to 2030 through the fund. Other foreign firms like LG and AT&S also diverted their investment plans to other countries like Indonesia and Malaysia due to limited subsidies in Vietnam.
Source: YAHOO
Reported about 1 year ago
As the home trade sector leaves behind last year's inventory shadows, companies like TechLink (2908) and Lextar (8066) have shown good year-on-year growth in the first half of this year. In June, TechLink's combined revenue was 3.49 billion, up 3% year-on-year, with a total first-half revenue of 18.87 billion, up 5.6% annually. Lextar's June combined revenue was 349 million, down 11.19% year-on-year, but the total first-half revenue increased by 7.69%. Both companies are gearing up for a strong second half by adapting product structures, enhancing customer experiences, and projecting increased orders in the coming months.
Source: YAHOO
Reported about 1 year ago
Recent election results in the UK, France, and European Parliament, as well as the US presidential election debates, show low public support for existing ruling parties leading to leadership crises. Right-wing parties have seen increased support in various elections, including the recent French parliamentary election where the National Rally emerged as a major winner in the first round but was surpassed by center-left coalitions in the second round, showcasing the rise of right-wing populism in Europe. The US presidential debate also highlighted issues with both candidates. The article warns that the rise of right-wing populist parties could impact global economic policies, while urging against trade protectionism and fiscal policies favoring the wealthy. The article emphasizes the importance of international cooperation amid growing global uncertainties.
Source: YAHOO
Reported about 1 year ago
Kemet, a major passive component manufacturer, announced their June revenue with a slight decrease due to mid-year inventory check, but the strong AI demand led to a record-breaking quarterly revenue of 31.419 billion NT dollars in the second quarter, a 10.2% increase from the previous quarter. Despite forecasting low single-digit growth at the earnings conference, it's expected that Kemet's EPS will easily exceed two shares in the first half of the year, with Q3 entering the traditional peak season. With solid AI customer demand and positive signals from the PC and mobile markets, Kemet's second-quarter revenue significantly outperformed their guidance. Looking ahead, despite global uncertainties like inflation and international situations, Kemet remains optimistic about AI applications and future prospects.
Source: YAHOO
Reported about 1 year ago
Fidelity International announced the results of a major survey of investors in the Asia-Pacific region on July 8, 2024. With an expected rate cut approaching, over 50% are considering reducing cash holdings to buy stocks. Among the six regions surveyed in the Asia-Pacific, Taiwanese investors are particularly positive, with 61% planning to increase their stock holdings, with a preference for U.S. stocks. As interest in cash decreases due to anticipated rate cuts in the next 6-12 months, stocks are becoming the top choice for investors entering the next market cycle. The survey covered mainland China, Hong Kong, Taiwan, Singapore, Japan, and Australia, with a focus on investors preparing for potential rate cuts by the Federal Reserve. Taiwanese investors are notably inclined towards stock investments and seeking returns outside of cash assets, showcasing an overall shift in investment preferences in the region.
Source: YAHOO
Reported about 1 year ago
Strong prospects for AI development boost tech stocks, driving up demand and leading to the rise of electric vehicles in the US stock market; as momentum picks up, US stock funds have become the leader in global equity fund net inflows in the past week, with a recent net inflow of $7.423 billion and total inflows of $98.8 billion so far this year, surpassing all other types of stock funds. The market is optimistic about investments in infrastructure due to the data transmission demand driven by AI, with major US semiconductor firms benefiting. While uncertainties remain in policy adjustments, a recommended strategy includes diversified asset allocations to capitalize on mainstream trend areas.
Source: YAHOO
Reported about 1 year ago
The highly anticipated Taiwan Futures Exchange mini-TAIEX futures (Micro TAIEX) will be launched on July 29, 2024, providing traders with more flexible and diverse trading options to enhance convenience and broaden participation in the futures market. The Micro TAIEX, a smaller version of the TAIEX futures (large TAIEX), offers a contract value and initial margin amount 1/20 of the large TAIEX and 1/5 of the mini TAIEX, with a contract multiplier of NT$10 per point. This design allows traders to enter trades in batches or add to their positions incrementally, optimizing asset allocation efficiency. Additionally, the Micro TAIEX aims to meet the increasing demand for diverse and flexible trading tools in Taiwan's thriving financial market, improve market liquidity, provide effective risk management tools, and enable traders to engage in spread trading or other strategic trades. The launch of the Micro TAIEX signifies an important milestone in the Taiwan futures market, with the Taiwan Futures Exchange committed to observing market response and further enhancing product design and trading settlement mechanisms to offer a secure and improved trading environment.
Source: YAHOO
Reported about 1 year ago
A combination of various news sources reported on July 8, 2024, that climate change has caused temperatures to soar globally, with June marking another record high average global temperature. Scientists have warned that this year may be the hottest on record. The European Union's Copernicus Climate Change Service (C3S) data showed that the global surface temperature in June reached 16.66 degrees Celsius, 0.67 degrees higher than the 1991-2020 average and 0.14 degrees higher than last June's record. Over the past 12 months, the global average temperature reached a new high, exceeding pre-industrial levels by 1.64 degrees. Experts predict a 95% chance that this year will surpass last year as the hottest since the mid-19th century when temperature recording began. Extreme weather events have led to severe impacts worldwide, affecting not only human health but also causing significant economic burdens due to agricultural losses and contributing to food inflation.
Source: YAHOO
Reported about 1 year ago
Ennoconn and Gigabyte have seen a significant increase in revenue for the past three months due to a surge in AI server shipments, with both companies achieving double-digit growth in revenue for the second quarter and reaching new quarterly highs. Ennoconn's second-quarter consolidated revenue soared to NT$154.159 billion, reflecting an 18% year-on-year and quarterly growth. Gigabyte's performance continued to grow, with June revenue doubling compared to the previous year, reaching NT$22.932 billion. The AI server sector has been a major driver of growth for both companies, with expectations of continued growth in the second half of the year.
Source: YAHOO
Reported about 1 year ago
According to the latest report by global accounting firm Deloitte, the total value of Southeast Asia's IPO market plummeted by 71% to $5.8 billion in the first half of this year, continuing the downturn that began in the second half of 2022, with Indonesia experiencing the most severe decline. However, Deloitte expects the situation to improve next year due to increased expectations of interest rate cuts and AI-related companies going public, potentially boosting the IPO market in the region. The report shows that there were only 67 IPOs in Southeast Asia in the first half of this year, a 21.2% decrease compared to the same period last year. These IPOs raised a total of $1.4 billion, a steep 53.3% year-on-year decrease. Deloitte noted the absence of heavyweight IPOs in the first half of this year and the significant drop in IPO value and fundraising compared to the previous year. Despite the current downturn, Deloitte believes that the IPO market in the region is expected to improve after 2024. Tay Hwee Ling from Deloitte explained that the expected future decrease in interest rates will encourage REITs to return to the market and AI-related IPOs may also emerge, leading to more innovation and opportunities in the Southeast Asia IPO market in the coming years.
Source: YAHOO
Reported about 1 year ago
In the second quarter of 2024, the S&P 500 Index, led by technology stocks, performed well despite geopolitical risks. Multi-asset funds with flexible allocations have gained popularity due to their ability to navigate market fluctuations. Quantitative multi-asset funds, such as the one by Taiwan Bank, utilize indicators to select investment targets with reduced human judgment errors, thereby increasing success rates in the increasingly complex investment landscape.
Source: YAHOO
Reported about 1 year ago
Altek Technology (6546), a wireless communication module design company, saw its stock price retreat from around 172 yuan in mid-June. After falling below the quarterly line, the stock completed a bottom on the quarterly line to half-year line. On the 8th, the stock price strengthened and closed at the limit-up price of 155.5 yuan, rebounding above the quarterly line, monthly line, and 10-day moving average, reversing the technical trend. If the stock price can stay above 153 yuan on the monthly line, there is a chance to challenge the previous high. Altek actively expands its product line layout this year amid the sluggish networking market, focusing on non-consumer markets such as automotive, medical, and industrial controls. It is expected that its efforts in automotive business, including intelligent cabins, charging piles, and driver monitoring systems, will boost its operations next year.
Source: YAHOO
Reported about 1 year ago
Benefiting from the growth contributions of average freight rates and export cargo volume, Evergreen's consolidated revenue in June surpassed 40 billion, reaching 42.283 billion, with a monthly increase of 31.48% and a year-on-year increase of 91.06%. Market optimism prevails for the traditional peak season in the third quarter, but there is a risk of decline in the fourth quarter. With room and container shortages, as well as rising freight rates, Evergreen's performance in June was commendable. However, concerns about the resolution of the Red Sea crisis causing a return to normal market conditions and the expected increase in capacity in the second half of the year may lead to a weakening cargo freight demand after the traditional peak season in the third quarter, posing a risk of declining container freight rates in the fourth quarter.
Source: YAHOO
Reported about 1 year ago
On July 8, 2024, the hawkish policies of the Reserve Bank of Australia and the Reserve Bank of New Zealand, which have temporarily paused rate cuts, have provided strong support for their currencies, with analysts optimistic about the performance of the Australian and New Zealand Dollars, expected to outperform other major currencies globally. Despite increased global market volatility, the risk-sensitive Aussie and Kiwi Dollars were the top performers among the Group of Ten (G10) currencies last quarter, each rising by about 2% against the US Dollar, while other currencies declined due to the strong US Dollar. The Australian and New Zealand central banks have not yet cut rates and are even considering raising them, indicating that the AUD and NZD are expected to continue to strengthen, helping to offset the impact of a strong US Dollar.
Source: YAHOO
Reported about 1 year ago
Benefiting from increased demand from car manufacturers, Precision (3162), a manufacturer of electric vehicle battery packs, reported a record high revenue of 356 million NTD in June, with a 12.5% monthly increase and a 42.7% annual increase. The company recently signed a long-term order with Changan Automobile, one of the top five car manufacturers in China, for 1 billion RMB over seven years, with deliveries expected to start in 2026. Additionally, negotiations are in the final stage for an order from a well-known Swedish car manufacturer. With the new orders totaling over 1.7 billion RMB in the first half of the year, Precision foresees better revenue performance in the second half due to strong shipments and traditional peak seasons. Winning these new orders not only secures future revenue growth but also solidifies the company's reputation for quality products, competitive pricing, and delivery capabilities, positioning it to become a top supplier in the industry.
Source: YAHOO