Taiwan Semiconductor Manufacturing Company (TSMC) which was established in 1987 is the first dedicated semiconductor foundry. Its corporate headquarters are in Hsinchu, Taiwan. TSMC is listed on the Taiwan Stock Exchange under the ticker number “2330” and its American Depositary shares are traded on the NYSE under the symbol “TSM”. One US ADS is equal…
Week that was: June 15 Greece stock market was down as Greece and European creditors talks did not yield any results at Belgium on Sunday. Greece PM Alexis Tsipras rejected pension cuts proposed by the creditors. Saudi opened its stock market to international investors.The move is to reduce its dependence on its oil market. US…
Week that was: June 08 China shares rose to 7 year high as investors expected more stimulus due to disappointing data and also that MSCI Inc will include mainland companies in its Emerging Market Index. Imports tumbled 17.9% and exports fell by 2.5%. Japan revised GDP came higher at +3.9% much higher than the preliminary…
Week that was: June 01 Chinese manufacturing PMI rose to 50.2 from 50.1 in April in line with the market expectations. However a private survey from HSBC and Markit which focuses more on small and medium enterprises shows a contraction at 49.2. The shares rose on expectation of more stimulus due to the mixed data.…
Week that was: May 25 Spain’s Sunday municipal surprise results brought the Spanish stock market down by around 2%. The ruling Popular party was punished by Leftist Podemos and center right Ciudanos(Citizens) May 26 Samsung group announced its merger plans of its two units. May 27 Snapchat CEO Evan Spiegel has revealed plans for an…
Week that was: Apr 07 Eurozone final PMI rose to 54 from 53.3 in February. Preliminary estimate was 54.1. Europe recovery is gathering steam primarily driven by ECB’s QE. Apr 08 Alcoa came up with its 1Q results. EPS of $ 0.28 beats the estimates by 2 cents but revenues missed estimates which came at $…
Week that was.. Mar 24 China’s preliminary PMI released by HSBC Markit showed the reading slowing to 49.2 in March from 50.7 in February missing the analyst estimate of 50.5. Growth in Eurozone is at 4 year high as the flash PMI from Markit came at 54.1 in March from 53.3 in February. Chris Williamson,…
Week that was: Mar 16 China stocks gained as the Chinese premier Li Keqiang pledged to take action if growth slows down. Germany stocks hit 12,000 for the first time ever mainly driven by the ECB QE. Mar 17 RBA holds the interest rates and kept its option open to further rate cuts this year…
Week that was: Mar 09 Japan 4Q GDP dropped to 1.5 % less than the initial preliminary reading of 2.2 %. The Nikkie average dropped around 1% for the day. But drop in equities was less as the global markets were down tracking the US market which closed low on Friday after the low unemployment…
Week that was.. Mar 02 China February HSBC PMI rose to 50.7 in February. The number was stronger than the initial reading of 50.1. But the export orders sub index dropped to 48.5 in February. Mar 03 Australia kept its cash rate steady at 2.25 %. Mar 04 India’s cut its benchmark interest rate by…
Week that was.. Feb 24 HSBC Flash PMI for China showed the reading as 50.1 from 49.7 final reading in January. It’s a positive sign for the market as it was first reading above 50 in the past 4 months. Earlier reports showed China’s GDP as 7.4 % in 2014 down from 7.7 % growth…
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