Taiwan Business Quick Take – Taipei Times

• Employees author, with businesses

EQUITIES

TAIEX tails falling US tech

The TAIEX yesterday moved sharply decrease, greater than 100 factors, as traders took cues from losses suffered by tech shares on the US markets to chop their holdings in electronics shares, whereas non-tech shares got here underneath strain all through the session. The promoting mirrored warning as the principle board moved nearer to the important stage of 13,000 factors, the place excessive technical hurdles prompted traders to pocket current positive factors amid worry of additional volatility, sellers mentioned. By the top of the session, the TAIEX had fallen 104.02 factors, or 0.8 p.c, to 12,872.74 on turnover of NT$186.806 billion (US$6.37 billion). International institutional traders offered a internet NT$9.87 billion shares on the principle board, Taiwan Inventory Alternate knowledge confirmed.

TECHNOLOGY

Stadium will get E Ink shows

E Ink Holdings Inc (元太科技), the world’s sole provider of e-paper shows for e-readers and digital shelf labels, yesterday mentioned that it collaborated with Rakuten Kobo Inc and e-reader maker Netronix Inc (振曜科技) so as to add e-paper show functions to the Taoyuan Worldwide Baseball Stadium. Hallways resulting in seating areas have two 32-inch e-paper shows, within the form of outsized e-readers, that present details about the taking part in groups, the corporate mentioned.

ELECTRIC SCOOTERS

Gross sales aim for 2024 urged

Sensible Mobility Affiliation Taiwan (台灣智慧移動產業協會) members, together with Gogoro Inc (睿能創意), yesterday urged the federal government to set a gross sales aim of 1 million electrical scooters by 2024. It will maintain the federal government on monitor to achieve its goal of getting electrical scooter gross sales make up 35 p.c of latest scooter gross sales by 2030, the affiliation mentioned, including that electrical scooter gross sales have thus far totaled 400,000 items.

PHARMACEUTICALS

Coland to delist from bourse

Coland Holdings Ltd (康聯控股), which develops and distributes prescribed drugs, is to droop buying and selling of its shares on the Taiwan Inventory Alternate from Oct. 22, when a merger would make the corporate an entirely owned subsidiary of Oceanic World Sub Corp, the alternate mentioned yesterday. Coland mentioned that it could delist its shares on the bourse from Oct. 30. In July, China-based Coland determined to go non-public and reconfigure its operational construction, after the agency’s enterprise in China fared worse than anticipated.

ELECTRONICS

FIT Hon Teng spurs start-ups

FIT Hon Teng Ltd (鴻騰), a Hon Hai Precision Trade Co (鴻海) subsidiary, on Tuesday introduced the creation of a US$74 million enterprise fund in China. The aim of the fund is to interact in new investments and promote new expertise improvement, an announcement posted on the corporate’s Site mentioned. China-based Shenzhen Capital Group Co (深圳市創新投資集團) would supply 40 p.c of the backing wanted for the enterprise fund.

FOOD DELIVERY

Foodpanda enters Japan

Supply Hero SE’s Foodpanda yesterday launched operations in Japan, increasing its Asian footprint into the world’s No. 3 financial system. The primary part of the corporate’s launch would introduce meal supply providers in six cities, together with Kobe, Yokohama and Nagoya, Foodpanda’s Asia Pacific CEO Jakob Angele instructed Bloomberg TV. The agency would initially make investments 20 million euros (US$23.5 million) within the effort, he mentioned. Japan’s meals supply market is at a nascent stage in contrast with extra mature markets like Taiwan and Hong Kong, Angele mentioned.