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Taipei city egg prices drop post-Lunar New Year glut
Taipei City Egg Merchants Association announces wholesale egg prices will decrease from NT$52 to NT$49 per Taiwan catty due to unsold stock from before the Lunar New Year. The egg market was closed during the holiday, resulting in no quotations. To alleviate pressure on sales, the farm-gate price has been reduced by NT$3, now at NT$42.5. The association is monitoring demand and potential price adjustments as primary and secondary schools reopen. Current pricing remains unchanged.2024/02/16 14:03 -
Taiwan’s TAIEX falls by 36 points to 17,637.86
Taiwan stock market opens the week with a slight decline as TAIEX falls by 36.01 points to 17,637.86 on Monday (Dec. 18). Shares of Taiwan Semiconductor Manufacturing Company (TSMC) drop by NT$6 to NT$579 upon market opening. Traditional industrial stocks, particularly the steel sector, show resilience with Hsin Kuang Steel and Sheng Yu Steel Co., Ltd seeing shares rise over 2% in early trading. China Steel Corporation’s shares climb more than 1.8%, opening at NT$26.95. Analysts highlight the importance of the incoming U.S. November Core Personal Consumption Expenditures (PCE) Price Index, a key inflation indicator for the Fed, and the impact of recent ETF rebalancing with stock replacements on individual stocks.2023/12/18 10:27 -
Taiwan boosts avian flu checks amid regional outbreaks
Taipei’s Acting Minister of Agriculture, Chen Junne-jih, announced the implementation of a specialized avian influenza prevention program in September, including increased testing frequency to monitor the disease. This comes in response to recent outbreaks in Japan and chicken farms in Yunlin County, raising concerns about egg price hikes and shortages. Chen warned that the situation may worsen with the expected drop in temperature next week. Taiwan has been conducting active and passive surveillance for avian influenza since September, focusing on high-risk areas near migratory bird paths and implementing biosecurity measures at poultry farms. Chen assured that the country’s egg production capability has recovered since the shortage earlier this year, with reserves of liquid eggs available for emergencies. Domestic egg reserves will be released first in the event of increased market demand, with the import of liquid eggs only considered if a severe outbreak leads to a supply shortage. Chen emphasized the importance of maintaining appropriate stock levels through the imported egg project to ensure a stable egg supply despite the challenges posed by avian influenza.2023/12/12 17:54 -
Goldman Sachs cuts TSMC’s capex forecast
TSMC has experienced an 11% drop in its stock price over the past five months, making it the most significant decline among Asian stocks. Goldman Sachs Group has lowered its capital expenditure expectations for TSMC for next year by over 20%, citing concerns about the postponement of its overseas capacity expansion plan.2023/10/05 19:41