Market Trend

From November 3, 2008 to November 14, 2008, the MCI index plummeted from 4480.3 to 3957.0, down by 523.3 points. During the past two weeks, the MCI index has broken past the mark of 4000 points, and reached to a new historical low point of 3957.0. Recently, the weaker-than-expected end market demand was seriously impacted by the sluggish global economic, and the depression makes industry participants more conservative on the short-term market outlook. No evident stimulus to inspire the market confidence for the time being. On a different note, the news of LG Display, Sharp, and CPT agree to plead guilty on the price-fixing of LCD panels and have to pay USD $585 million in criminal fines was a big blow to TFT-LCD industry. On that day when the sentence was exposed, MCI slumped by 242.4 points. For the gloomy macroeconomic situation at the moment, it will take longer time to see a recovery.