Tue, Jun 27, 2023 page11

• Taiwan Business Quick Take

  • Staff writer, with agencies
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  EQUITIES

  Foreigners buy NT$1.93bn

  Foreign institutional investors last week bought a net NT$1.93 billion (US$62.2 million) of local shares after buying a net NT$64.94 billion the previous week, the Taiwan Stock Exchange said in a statement yesterday. The top three shares bought by foreign investors last week were Innolux Corp (群創), AUO Corp (友達) and Taiwan Glass Industry Corp (台灣玻璃), while the top three sold were Acer Inc (宏碁), United Microelectronics Corp (聯電) and Mega Financial Holding Co (兆豐金控), the exchange said. As of Friday last week, foreign investors had bought NT$434.52 billion of local shares since the beginning of this year, while the market capitalization of shares held by foreign investors was NT$22.07 trillion, or 40.92 percent of total market capitalization, it said. Yesterday, foreign institutional investors sold a net NT$25.16 billion of shares, the highest since March 14, the exchange’s data showed.

  TECHNOLOGY

  China phone shipments rise

  China’s smartphone shipments jumped 22.6 percent last month, accelerating sharply from previous months in a positive sign for the country’s struggling mobile device industry. As the world’s biggest smartphone market, China accounts for much of the global industry’s slowdown, and IDC Corp this month forecast it to be the biggest drag on global shipments. Smartphone makers shipped 25.2 million handsets last month, marking a rise of more than 4 million units compared with the same period a year earlier, the China Academy of Information and Communications Technology said. The domestic market has been stuck in a protracted malaise, and even with the latest growth, shipments in the first five months fell 2.6 percent year-on-year, it said.

  LIABILITIES

  Debt hits three-month low

  The average national debt shouldered by Taiwanese has dropped to its lowest level in the past three months, Ministry of Finance statistics show. On June 17, national debt per person was about NT$260,000 (US$8,383), the same level as when statistics were last released by the ministry on March 17. The amount peaked at NT$272,000 on April 14 and stayed unchanged for more than a month, before gradually lowering to the current level, ministry data showed. The ministry said the fall was likely due to individuals and businesses paying income tax last month, which enabled the ministry to repay a debt of NT$111 billion this month, along with other short-term debts in advance.

  AVIATION

  EVA ranked world No. 9

  EVA Airways Corp (長榮航空) ranked ninth in this year’s list of the world’s best airlines released last week by Skytrax, a UK-based aviation research agency. The carrier ranked first in several subcategories, including the World’s Best Premium Economy Class Airlines, the World’s Best Premium Economy Class Airline Catering and the Best Premium Economy Class Airlines in Asia. Singapore Airlines Ltd was named Airline of the Year, with Qatar Airways ranked second and All Nippon Airways Co in third place, out of 330 airlines included in the survey, Skytrax said. Emirates claimed fourth place, while Japan Airlines Co ranked No. 5, it said. Taiwan’s Starlux Airlines Co (星宇航空) and China Airlines Ltd (中華航空) ranked 39th and 41st respectively.
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