Reported about 1 year ago
China announced the suspension of tariff preferences under the Economic Cooperation Framework Agreement (ECFA) at the end of May, affecting 134 products including petrochemicals, textiles, machinery, steel and metals, and transportation equipment, effective from June 15. This move imposes 1% to 12% tariffs on these products exported to China, potentially leading to Taiwanese manufacturers establishing plants in China to avoid tariffs. With tensions escalating post-520, these actions stem from Taiwan's failure to lift trade restrictions and acknowledge the '1992 Consensus'. The machinery and automotive parts-related tariffs in the second batch could impact many Taiwanese SMEs, with estimates indicating a potential decrease in machinery exports by 0.5% due to restored tariffs at 5% to 10%.
Source: YAHOO
Reported about 1 year ago
According to the latest insurance industry data released by the Hong Kong Insurance Authority, mainland visitors' insurance premiums in Hong Kong reached HK$15.6 billion in the first quarter of 2024, with an annual growth of 62.5%. The premiums amount to the second-highest level in history, accounting for 24% of total premiums in Hong Kong. Mainland visitors show a preference for life insurance, with an average premium of HK$390,000 per policy.
Source: YAHOO
Reported about 1 year ago
Yong Feng Investment Chief Investment Officer Lin Yongxiang reported on June 15, 2024, that the US May Consumer Price Index (CPI) pleasantly surprised with a year-on-year growth rate of 3.4%, lower than the expected 3.5% and the previous 3.6%, marking a new low in three years. With the cooling US inflation data, the possibility of a rate cut by the Federal Reserve has increased, reigniting market hopes for a rate cut. In Taiwan, the overall judgment score of the economic policy signal in April announced by the National Development Council was 35 points, changing the signal from green to yellow-red for the first time in 26 months, indicating a gradual economic recovery. The stock market has responded positively to these developments, with Weighted Index surpassing 22,000 points and Taiwan stocks surging due to the sluggish US CPI data, particularly driven by technology stocks such as TSMC. Additionally, the upcoming introduction of Apple Intelligence at the Apple Worldwide Developers Conference (WWDC) is expected to boost interest in the new iPhone models and related concept stocks. Investors are advised to remain cautious about the stock market's record highs and consider diversifying investment portfolios into bonds for stability during this bullish market.
Source: YAHOO
Reported about 1 year ago
On June 15, 2024, in the afternoon trading session, Taiwan Glass (1802) rebounded strongly with a 3.83% surge, reaching over NT$19 and reclaiming losses from the previous days to stand back above the 5-day moving average. The uptrend was supported by a shift from selling to buying by major investors, with a daily trading volume of nearly 19,000 shares, the highest in the past three days. The recent AI momentum and rising glass prices in China have boosted Taiwan Glass' stock price. With a focus on market segmentation through international certifications for high-end products like low-dielectric glass fiber cloth, Taiwan Glass aims to expand its market share and move away from price-cutting losses in the second half of the year.
Source: YAHOO
Reported about 1 year ago
Before the benefits of AI PC emerge in June 2024, the laptop market in the first half of the year has relied heavily on education contracts and demands from some businesses to restart procurement and upgrade devices. Brands like HP, Dell, Acer, and Asus have all seen positive growth in the education/business PC sector in the second quarter, with Chromebook's growth momentum being particularly strong. With global laptop shipments reaching nearly 40.35 million units in the first quarter, a growth of over 12% annually, it is expected that the commercial market will also be stimulated by the promotion of generative AI applications, despite overall soft consumer laptop market conditions. Chromebook, with stable year-on-year growth for four consecutive quarters, is estimated to see more than 30% quarterly growth in the second quarter, surpassing 5.7 million units, showing a growth rate of over 5% compared to the high base period of over 50 million units in the same period last year.
Source: YAHOO
Reported about 1 year ago
In recent years, the demand for weddings has increased as the pandemic eases, leading to a shift towards younger and more diverse preferences in the wedding market. Amazing Hall Minquan Branch has renovated its B1 banquet hall to create a transparent and natural wedding style, complemented by an outdoor immersive bar service for a dreamy and experiential wedding. To cater to varied customization needs, the hall features a fresh and elegant ambiance accommodating 20 to 60 tables and offers outdoor bar services for couples and guests to enjoy a slight buzz together. As part of the reopening celebration, they are offering a limited-time promotion with exclusive benefits worth over 50,000, including complimentary tasting or main table, along with a special outdoor bar package. For more details, visit their website. Drink Responsibly. Excessive drinking is harmful to health.
Source: YAHOO
Reported about 1 year ago
Since French President Macron announced the dissolution of parliament and early elections on June 15, 2024, markets have been concerned that France might follow the UK in leaving the EU, leading to turmoil in European markets with stocks, bonds, and currencies all struggling. While European Central Bank officials remain calm, stating that the situation is under control and there is no need for panic, the euro has depreciated against the dollar, stock indices like the Stoxx 600 and DAX have fallen significantly, and bond yield spreads have widened. Macron's move to combat far-right forces has put his party at risk, with recent polls showing lower support for his centrist alliance compared to far-right and left-wing coalitions. The uncertainty in France has spread to the entire European market, with funds flowing out of Europe as US funds continue to see inflows.
Source: YAHOO
Reported about 1 year ago
With the Taiwan stock market surpassing 20,000 points on June 15, 2024, more people are including investments in their financial planning, with monthly stock deductions becoming a popular entry choice. To enhance investment willingness, Taishin Securities is offering gifts for the first monthly stock deduction and discounted fees for all transactions, allowing starting with as low as NT$1,000. The company witnessed a record high of NT$12.456 billion in April for monthly stock investments, reflecting the growing trend in the market. Taishin Securities emphasizes the benefits of long-term monthly stock deductions to average investment costs and create stable cash flow through dividends. They also introduced the Woojii APP for easier access to popular stock and ETF options. New users can participate in the 'Monthly Investment Olympics' until August 31 to receive incentives, and additional rewards are available for increasing stock trading amounts until the end of August, including gift vouchers and fee discounts. For more details on the promotions, visit the Taishin Securities official website at: https://www.tssco.com.tw/.
Source: YAHOO
Reported about 1 year ago
On June 15, 2024, Oxford Economics released the latest results of its 'Global Risk Rapid Assessment,' revealing a shift in global market risks. While concerns about escalation in Middle East conflict have decreased, the potential re-election of convicted former President Trump is seen as a 'significant risk' for the global economy by multinational corporations. Additionally, surveyed companies remain cautious about central banks' loose policies. The survey, conducted in the first week of June, involved around six million employees from participating companies with a total revenue of around $2 trillion. Compared to previous surveys, recent findings show a more positive global economic outlook and increasing worries about Trump's candidacy impacting global economic stability.
Source: YAHOO
Reported about 1 year ago
According to Hengda Investment consultant analyst Zhao Pengbo on June 15, 2024, the Taiwan stock market hit a new high of 22,504 points last week, driven by positive US CPI data and factors like Nvidia and TSMC ADR reaching new highs. Selected stocks this week include Yitai (1616), Morningstar Technology - DR (912000), Ruentex (3437), Diode (1609), and En-Tie (1528). Yitai, a major wire and cable manufacturer, has attracted significant capital recently, with a P/E ratio of 20 times, stock price rising above monthly and quarterly lines, and moderate increase in trading volume, indicating further upside potential. Diode, a producer of enameled wires and power cables, has seen its stock price reach a new high in a month with positive outlooks due to the arrangement of the monthly and quarterly lines. Morningstar Technology - DR, the world's second-largest wireless communication module manufacturer, has regained its monthly line and seen continuous foreign net buying, pointing to a favorable future performance. Ruentex, an LED packaging plant under Foxconn, achieved a revenue of 192 million in May with a 5.65% YoY growth, breaking through the monthly and quarterly lines with increased volume, signaling a high chance of rebound. En-Tie, a manufacturer of woodworking machinery and PCB production equipment, has the opportunity for further increase in the upward trend after the golden cross pattern appeared on the monthly and quarterly lines. The Weighted Index stabilized above the 22,000-point mark for three consecutive days last week, making it a crucial short-term support. The May CPI in the US, with a 3.3% YoY growth rate, has raised expectations for a rate cut in September, with the market estimating a probability of over 70% for a rate cut in September.
Source: YAHOO
Reported about 1 year ago
Li Qinghua, the Deputy Minister of Finance, has a strong background in tax expertise and is known for her empathy and ability to share the burden with her subordinates. She has held various positions within the tax system and has been praised for her professionalism and practical approach. Li has been instrumental in formulating major tax legislation, including optimizing income tax systems, increasing inheritance tax rates, and implementing taxation on overseas e-commerce. Her commitment to efficient and transparent tax policies has garnered praise from colleagues and the public. Li emphasizes the importance of timely communication, understanding, and fairness in tax principles, and her dedication to promoting tax reform is seen as crucial for the government. Her consistent efforts in enhancing fiscal support for welfare, education, culture, and public infrastructure underscore her commitment to a robust fiscal system and transparent tax administration.
Source: YAHOO
Reported about 1 year ago
Senvol Energy (6806) achieved a record monthly revenue of 1.403 billion NTD in May, marking a 152.08% year-on-year increase and driving up trading volume last week. With stock closing at 137.5 NTD on the 14th and surpassing all short-term moving averages, the company's fully-owned subsidiary, Fuwey Energy (100%), is progressing with Taiwan Power Company's offshore wind power project. The underwater foundation installation is expected to be completed by the end of this year, followed by wind turbine assembly and installation in the next year, with completion by the end of 2025. The peak period for major project revenues is predicted to be in 2024 and 2025, with around 65% of project revenues expected to be recognized over the next two years, leading to higher revenue and profits.
Source: YAHOO
Reported about 1 year ago
As the Taiwan stock market continues to challenge new highs, reaching 22,504 points, various sectors such as cooling systems, heavy electrical, construction, and shipping are seeing rotation of funds, with Taiwan Semiconductor Manufacturing Company (TSMC) no longer dominating the market alone. TSMC reached a market value of 24.2 trillion NT dollars with foreign and domestic investors both showing strong support. International tensions and rising shipping costs are impacting stock prices, while the heavy electrical sector, including key player Delta Electronics, is seeing a resurgence due to concerns of power shortages affecting chip supply chains. Analysts predict a potential market challenge ahead with the possibility of reaching 23,000 points this week.
Source: YAHOO
Reported about 1 year ago
On June 15, 2024, at 4:10 pm, Taiwan Power Generation (8926) saw improved operations due to summer electricity usage. Closing at 47.8 yuan on the 14th, it rose by 2.58%, with trading volume doubling to 4,157 shares compared to the previous trading day. The stock price surpassed the 46.65-yuan resistance, with short-term bullish and bearish volume strength increasing, crossing above the 5-day, 10-day, monthly, and quarterly lines, and KD values trending upward. Q1 EPS was 0.42 yuan, with revenue for the first five months reaching 3.785 billion yuan, up 79.17% year-on-year. The Senboku Phase II is expected to commence operation mid-year, doubling the usable generating capacity from 1GW to approximately 2GW, adding extra non-operating income. The development rights for the Usan Head Photovoltaic Phase II (capacity of 13MW) and the Changhua Yongxing (capacity of 30MW-32MW) fishery-solar symbiosis development rights are expected to be grid-connected in 2025. For more news, refer to Commercial Times' report: 'COVID-19 outbreak escalates in Xi'an prompting emergency city lockdown, potentially impacting semiconductor and automobile industries... US economic recovery too robust, potentially impacting global economy; third-generation semiconductors poised for significant development.'
Source: YAHOO
Reported about 1 year ago
On June 15, 2024, it was reported that after the US announced on May 14 a significant increase in tariffs on a range of Chinese import products including electric cars, batteries, and solar products, with electric car tariffs set to rise from 25% to 100%, some tariffs expected to be effective from August 1. In response, a large number of US business groups have requested the Biden administration to delay the plan and have an additional month for further discussions on imposing higher tariffs.
Source: YAHOO
Reported about 1 year ago
Last week, Taiwan stocks led by heavyweight electronics stocks such as TSMC and Hon Hai Precision Industry hit a new historical high, with the Weighted Index reaching a new high. The electrical engineering group continued its uptrend, with major players performing well. In the short term, power grid projects benefitting Taiwan Power Company may continue to perform strongly, while long-term industry trends focus on AI semiconductors, GB200 supply chain, Apple concept stocks, and construction sectors. Among the stocks to watch are Shengde and Jingtang, which are among the companies poised for improved revenue. Shengde is expected to see a slight increase in revenue in the second quarter, with a potential rebound in profit margin, signaling a turnaround from losses to profits.
Source: YAHOO
Reported about 1 year ago
Kayyan (1786) benefits from the booming shipment of adhesive gel, with revenue reaching 330 million yuan in the first five months of 2024, a year-on-year increase of 42.1%. The first-quarter net profit after tax reached 51.7 million yuan, a 58% increase compared to the previous year, with EPS at 0.76 yuan. The company's fundamentals are strong, attracting increased buying interest recently. On the 14th, the stock price rose by 6.89% to 124 yuan, crossing the moving average and turning bullish on the KD indicator, with trading volume reaching 2,657 shares. The company is expected to achieve high growth in operations this year, particularly with its main product, the anti-adhesive gel, achieving 100% coverage in Taiwan's medical centers and promising benefits in overseas markets in the third quarter; overseas expansion of subcutaneous fillers and joint cavity injection drugs also shows promise. The self-collagen-proliferating agent (PLLA) has obtained Taiwan's pharmaceutical certification, being the only domestically produced product licensed with the same ingredients as those approved by the U.S. FDA, expected to contribute in the second half of the year.
Source: YAHOO
Reported about 1 year ago
Central banks around the world are showing hesitancy in joining the global interest-rate cutting cycle, with decisions in advanced economies such as the US, UK, Australia, and Norway indicating a reluctance to lower borrowing costs despite initial expectations for global rate cuts. While Canada and the European Central Bank have made moves, other countries like Brazil and Paraguay are expected to maintain their interest rates. The week ahead also includes important data releases from the US, China, and Japan, as well as key events in the UK and Europe. In Latin America, Chile may lower its rate, while Brazil and Mexico face policy shifts and economic challenges.
Source: YAHOO
Reported about 1 year ago
Before diving into 'House of the Dragon' Season 2, here is a detailed recap of the first season: it follows the events leading to the Dance of the Dragons civil war, including power struggles, complex family dynamics, controversial succession choices, messy love affairs, and allegiances between Team Black and Team Green.
Source: YAHOO
Reported about 1 year ago
Retired federal Judge David S. Tatel reflects on his career, including his unique perspective as a blind judge due to retinitis pigmentosa. From his curiosity-driven path to passion for civil rights, Tatel shares insights on embracing challenges, the importance of mission-driven organizations, and the key to judicial collegiality. After retiring, Tatel remains active with work and advocacy, expressing concerns about Supreme Court decisions and advocating for voting rights and access to the legal system. He also shares lessons learned from his guide dog, Vixen.
Source: YAHOO
Reported about 1 year ago
A new report has categorized some major cities, like those on the West Coast and Hawaii in the US, as 'impossibly unaffordable' due to soaring house prices driven by pandemic demand, limited land use policies, and investor activity. Cities in California and Hawaii dominate the list, along with Australian cities like Sydney and Melbourne. Hong Kong takes the top spot globally, known for its high rents and tiny apartments. The report suggests looking at New Zealand's approach of freeing up land for development as a possible solution to housing affordability issues.
Source: YAHOO
Reported about 1 year ago
国民党为了反制民进党的「青鸟」行动，在举办多场国会改革说明会时，将活动代号从原本的「蓝鸟」修改为更具气势的「蓝鹰」。立委徐巧芯在台南宣讲时，以自己是翱翔在高处、眼神锐利的蓝鹰为自比，表示未来将以蓝鹰对抗青鸟，并强调老鹰是猛禽，要吃小鸟。国民党圈内人士透露，党中央对于国会改革议题的攻防战略有所调整，认为需要在立法院内外寻求平衡，避免误导民众。
Source: YAHOO
Reported about 1 year ago
Google Android工程副總裁Dave Burke宣布將卸任，已在Google任職長達14年，未來將專注於Alphabet體系的「人工智慧」與「生物」項目，並持續擔任Android作業系統開發顧問。他在Twitter上感謝過去團隊的支持，並預期行動市場規模將持續擴大。
Source: YAHOO
Reported about 1 year ago
Robert De Niro expressed his ideal Father's Day by simply wanting to have all of his seven children together. During a Q&A at the Tribeca Film Festival, he shared the importance of family unity. De Niro, who recently welcomed daughter Gia, emphasized the joy and relief he finds in being with his youngest child. Additionally, he encouraged his children to pursue their passions and not to be afraid of reaching for their dreams.
Source: YAHOO
Reported about 1 year ago
三星已展示新款可凹折手機，而在印度網站上出現型號為SM-F956B/DS的產品技術支援頁面，暗示即將推出的Galaxy Z Fold6。除了Fold6，預計也有Galaxy Z Flip6推出，兩者將搭載Qualcomm Snapdragon 8 Gen 3 Made for Galaxy處理器。Fold6配置6.3吋外部Dynamic AMOLED 2x及7.6吋可凹折內部Dynamic AMOLED 2x，支援120Hz更新率和S Pen手寫功能，12GB LPDDR5X記憶體、最高1TB儲存、4400mAh電池、25W快充、Android 14操控等特點。外部螢幕400萬畫素螢幕下視訊鏡頭、內外視訊鏡頭設計。Fold6也可能推出更輕的設計和高階版本Fold6 Ultra。此外，Galaxy Z Flip6電池容量將增加至4000mAh，Galaxy Watch和Galaxy Ring也可能同步亮相。
Source: YAHOO