Global index provider MSCI Inc yesterday cut Taiwan’s weighting in two indices, but raised the weighting in another after a semi-annual review, Taiwan Stock Exchange data showed.
MSCI lowered Taiwan’s weighting in the MSCI Emerging Markets Index, which is closely watched by foreign institutional investors, by 0.11 percentage points to 15.56 percent, the exchange said.
That revised weighting is still higher than a range of 11.46 percent to 14.21 percent over the past three years, it said.
MSCI also lowered Taiwan’s weighting in the MSCI All-Country Asia ex-Japan Index to 17.9 percent from 18.01 percent, while the company raised Taiwan’s weighting in the MSCI All-Country World from 1.7 percent to 1.71 percent, the data showed.
The adjustments are to take effect on June 1.
Following the review, MSCI added four Taiwanese companies to its MSCI Global Standard Indexes and removed three, it said in a statement on its Web site.
China Airlines Ltd (中華航空), EVA Airways Corp (長榮航空) and power cable manufacturer Walsin Lihwa Corp (華新麗華) were added to the global standard indices, a promotion from the MSCI Small Cap Indexes, the data showed.
Powerchip Semiconductor Manufacturing Corp (力積電) was also added to the Global Standard Index, the data showed.
The company’s weighting in the index was raised by 0.42 percent, the most among the four companies, the Liberty Times (the Taipei Times’ sister newspaper) reported.
Meanwhile, Foxconn Technology Co (鴻準精密), a subsidiary of Hon Hai Precision Industry Co (鴻海精密), Hiwin Technologies Co (上銀科技) and Oneness Biotech Co (合一生技) were deleted from the global standard index, the data showed.
They were downgraded into the small-cap index, with Hiwin Technologies’ weighting lowered by 0.19 percent, the most among the three companies.
MSCI also added several companies to its small-cap index, including Evergreen Steel Co (長榮鋼鐵), Allied Supreme Corp (上品綜合工業), Etron Technology Inc (鈺創科技), Genesys Logic Inc (創惟科技), Great Tree Pharmacy Co (大樹醫藥) and Lian Hwa Foods Corp (聯華食品), the data showed.
The benchmark TAIEX yesterday rose 1.38 percent to 15,832.54 points, with turnover of NT$225.045 billion (US$7.55 million), exchange data showed.
The adjustments in the MSCI indices do not necessarily correlate to changes in local stocks or indicate the flow of foreign funds, the exchange said.
AVOIDING CONFUSION: Passengers are to be able to check in two items of luggage, while the free weight allowance is to be increased to conform with other airlines EVA Airways Corp (長榮航空) yesterday announced that from June 23 it is to adopt a new baggage allowance policy for all passengers with a higher weight limit as it aims to benefit passengers and increase efficiency. The airline currently has a two-system baggage policy: It allows passengers flying to the US and Canada to check in two pieces of baggage with a free weight allowance, while for those flying to Asia, Europe and Oceania there is also a free weight allowance, but no limit on the number of pieces of baggage. From June 23, passengers would be able to check in two
MORE THAN BUZZ: The chip designer said it has received numerous orders from automakers to supply 5G modem chips, as it works to expand beyond smartphones MediaTek Inc (聯發科) yesterday said it would ship the first 5G chips for vehicles to customers in the Asia-Pacific region by the end of the year, as it moves to expand the reach of its 5G chips beyond smartphones. The Hsinchu-based chip designer said it has been developing 5G chips for connected vehicles over the past few years, targeting applications such as telematics and in-vehicle information systems. “We are seeing demand for 5G technology from numerous makers of connected cars, including electric vehicle makers. We have obtained numerous orders from automakers to supply 5G modem chips with highly integrated features,” J.C. Hsu
Qualcomm Inc yesterday said it would maintain its supply chain strategy of sourcing chips from multiple foundry partners, including advanced chips from two major suppliers, to ensure a sufficient chip supply amid the COVID-19 pandemic. Qualcomm is reportedly working with Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and Samsung Electronics Co on advanced products, such as 4-nanometer chips, for its new flagship 5G chips, the Snapdragon 8+ Gen 1 series. Qualcomm is sourcing chips made by mature technologies from several foundry partners, the company said. Alex Katouzian, general manager of Qualcomm Technologies Inc’s mobile, compute and XR business, told a virtual media briefing that
US DRAM maker Micron Technology Inc is set to install the industry’s most cutting-edge technology — extreme ultraviolet (EUV) lithography equipment — in its facility in Taichung this year, the company said yesterday. In early preparation for the volume production of 1-gamma nanometer node DRAM, “we plan to introduce EUV tools to our Taichung fab later this year,” Micron president and chief executive officer Sanjay Mehrotra said via video at the Computex trade show in Taipei. Gamma refers to the dimension of half the distance between cells in a DRAM chip. Micron is also looking forward to beginning mass production of its