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Supply chain improvements to aid AI growth, says Quanta VP
Discover how Quanta’s Senior Vice President Mike Yang predicts a boost in third-quarter performance due to growing AI demand and improving supply chain conditions. Learn about the company’s strategic focus amidst market fluctuations and acquisition news.
2024/09/05 13:44
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Taiwan stock market dips amid U.S. stock impact
Taiwan’s stock market opened down 234 points to 22,136 on Aug. 29 due to the impact of U.S. stocks. Early trading saw a drop of over 300 points before the decline narrowed, holding the 22,000 mark. TSMC shares plunged 24 points to 940.
2024/08/29 09:57
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Taiwan stock market soars, led by TSMC’s strong performance
Discover how Taiwan’s stock market, led by TSMC, surged, marking a significant rally with a 3.51% increase and breaking records. Learn about the impact of U.S. market trends on this growth.
2024/08/07 11:16
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TSMC shares fall 6% as Taiwan stocks take a hit
Discover the latest on the Taiwan Stock Exchange’s significant drop, with the main index plunging over 600 points amid poor U.S. employment data fears. Learn how TSMC and other tech giants’ stocks were affected and expert market analysis.
2024/08/05 10:04
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NVIDIA CEO Jensen Huang’s net worth jumps US$12B in a day
Discover how NVIDIA CEO Jensen Huang’s net worth soared by nearly $12 billion in a day, setting a record after NVIDIA’s market value jumped by $329 billion. Learn more about the stock’s volatility and the impact of AI demand on the tech industry.
2024/08/01 13:01
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Taiwan sees surge in young investors amid rising costs
rising living costs in Taiwan are prompting young people and even children to focus on financial planning, with over 2 million under 30 and 270,000 under 12 opening accounts. Learn about Yuanta Securities’ efforts to simplify investing for minors.
2024/07/08 15:27
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FSC chair cites U.S. factors as key to Taiwan stock market
Discover how the U.S. interest rate cut and presidential election could impact Taiwan’s stock market, as FSC Chairman Peng Jin-lung discusses market volatility and economic indicators.
2024/07/03 13:48
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Taiwan stock market dips, recovers slightly to 21,500 points
Discover the latest on the Taiwan Stock Exchange’s significant drop and modest recovery, including the performance of major tech stocks like TSMC, MediaTek, and Foxconn. Learn how U.S. market trends and unemployment benefits claims impact Taiwan’s stock market, despite Nvidia’s record high.
2024/05/24 11:32
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TSMC stock hits record high, boosts Taiwan index
Discover how Taiwan Semiconductor Manufacturing Co. (TSMC) reached a record stock price, boosting the Taiwan stock index and highlighting its crucial role in the AI industry and global tech supply chain.
2024/05/23 13:34
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Taiwan stock market soars to 21,381 Wednesday morning
Discover the latest surge in the Taiwan Stock Exchange, led by electronics giants like TSMC and Foxconn, amid strong market buying power and anticipation for NVIDIA’s earnings report.
2024/05/22 10:27
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TSMC market value exceeds NT$22T, shares surge
Discover how Taiwan Semiconductor Manufacturing Company (TSMC) achieved a record stock price of NT$854, pushing its market value over NT$22.14 trillion. Learn about the factors driving TSMC’s success and its impact on the global semiconductor industry.
2024/05/16 11:00
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Taiwan stock market opens lower following U.S. decline
Taiwan stock market opens lower following U.S. decline, but semiconductor stocks remain strong. TSMC and domestic semiconductor ETFs outperform despite broader market downturn.
2024/04/15 10:01
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TSMC’s dominance fuels Taiwan’s luxury car market surge
Discover how Taiwan’s burgeoning semiconductor industry has fueled a significant surge in luxury car sales, with Ferrari and other brands seeing substantial growth. TSMC leads the charge, influencing market trends and investor caution in the AI era.
2024/03/28 17:21
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Prospect of war unlikely across the Taiwan Strait: scholar
Analysis by Professor Li Cheng of The University of Hong Kong on the relationships between Hong Kong, Taiwan, and China in the context of the new national security law. Insights on the unlikelihood of a Taiwan Strait war, Hong Kong’s unique position, and the need for cooperative approaches between the U.S. and China.
2024/03/22 17:31
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TSMC stocks hit record high, market value surpasses NT$20T
Taiwan Semiconductor Manufacturing Company (TSMC) stock price hits record high, pushing market value beyond NT$20 trillion. TSMC’s surge driven by factors like NVIDIA shares increase and Fed Chair Powell’s optimistic outlook. Taiwan Stock Exchange (TWSE) also reaches record high of 20,065.5 points.
2024/03/08 10:18
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Taipei city egg prices drop post-Lunar New Year glut
Taipei City Egg Merchants Association announces wholesale egg prices will decrease from NT$52 to NT$49 per Taiwan catty due to unsold stock from before the Lunar New Year. The egg market was closed during the holiday, resulting in no quotations. To alleviate pressure on sales, the farm-gate price has been reduced by NT$3, now at NT$42.5. The association is monitoring demand and potential price adjustments as primary and secondary schools reopen. Current pricing remains unchanged.
2024/02/16 14:03
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Trump vows to reinstate tariffs on China if reelected
Former U.S. President Donald Trump pledges to reapply tariffs on Chinese goods, potentially exceeding 60%, if he wins the November presidential election. He offers no clear answer on whether he would assist Taiwan in the event of a Chinese attack. Trump plans on imposing a 60% tariff on Chinese goods, a number that may increase. He is leading in the Republican primary and is expected to face incumbent President Joe Biden in November. Trump imposed tariffs amounting to US$250 billion on Chinese imported goods during his term, sparking a trade war. Biden retained Trump’s tariff policy and banned the export of advanced semiconductors and semiconductor production equipment. Trump disputes rumors of another trade war with China, stating that he has handled all matters related to China well. He also criticizes Taiwan for taking semiconductor jobs from the U.S. and suggests imposing tariffs and trade barriers on Taiwan.
2024/02/06 17:05
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Supermicro stock soars after surpassing financial forecasts
Supermicro, the U.S.-based server and computer manufacturer, experienced a stock price surge of over 10% during after-hours trading on Jan. 29. This increase followed the release of the company’s financials for the October-December 2023 period, which exceeded market expectations. Supermicro upgraded its full-year revenue outlook for the 2024 fiscal year from US$10-11 billion to US$14.3-14.7 billion. The current quarter’s sales estimate is US$3.7-4.1 billion, with an adjusted earnings per share of US$5.20-US$6.01. Net sales for the company have more than doubled from US$1.8 billion in the same period last year to $3.66 billion, surpassing the market estimate of US$3.42 billion. Supermicro CEO Charles Liang attributed the company’s success to winning new partners and the increasing demand for its optimized AI computer platforms and comprehensive IT solutions.
2024/01/30 17:46
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Executive Yuan pledges to stabilize market amid fluctuations
The Taiwanese Executive Yuan vows to stabilize the stock market amidst recent fluctuations, according to Cabinet Spokesman Lin Tze-luen. Lin reiterates the commitment to policy implementation during the caretaker period after the cabinet’s resignation. The government remains focused on achieving net zero emissions by 2050 and will continue discussions on energy issues. The upcoming electricity tariff review meeting will maintain established adjustment mechanisms. Despite recent downturns, Taiwan’s economic fundamentals are solid, expressing confidence in economic recovery.
2024/01/18 14:20
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Taiwan’s stock market climbs despite TSMC share dip
Taiwan’s stock market rose to 17,595.01 on Friday morning, despite Taiwan Semiconductor Manufacturing Company (TSMC) shares falling to NT$578. This contrasts with major U.S. stock indices, as the Dow Jones rose by 10.15 points while the Nasdaq fell by 81.91 points. TSMC’s American Depositary Receipt (ADR) price also dropped below US$100 to US$99.13, causing a decline of around 1.04%. This decrease in TSMC’s value affected the main index by approximately 16 points, and its market capitalization dipped below NT$15 trillion. Meanwhile, Asus Chairman Jonney Shih announced the company’s intensified efforts in artificial intelligence (A.I.) development, resulting in Asus shares rising by 6 points to open at NT$460.
2024/01/05 18:32
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TSMC leads market surge amid global downturn
Taiwan Semiconductor Manufacturing Co. (TSMC) leads Taiwan’s stock market with expectations of over 20% annual revenue increase. TSMC’s stock price stabilizes, opening at NT$580, raising market capitalization to NT$15.03 trillion. In contrast, major U.S. indices closed negatively on Wednesday. TSMC’s American Depositary Shares (ADR) decreased by 1.34%, closing at $100.17.
2024/01/04 15:04
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Taiwan tops South Korea in 2022’s GDP per capita
Taiwan’s GDP per capita has surpassed South Korea’s for the first time since 2003, reaching US$32,625 in 2022 compared to South Korea’s US$32,410, according to the Directorate General of Budget, Accounting and Statistics (DGBAS). This economic victory can be attributed to Taiwan’s higher growth rate in recent years and the greater depreciation of South Korea’s won. Taiwan had been trailing behind South Korea in terms of GDP per capita since 2003, but the gap between the two has been consistently shrinking. Additionally, in financial market news, Taiwan’s stock index has also advanced beyond Hong Kong’s for the first time in nearly 31 years, with the Taiwan Stock Exchange index closing at 17,370 points, outpacing the Hang Seng Index, which was weighed down by China’s low-earning equities and closed at 16,993.
2023/12/26 17:05
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Taiwan leads Asian stocks as foreign funds return
Foreign investors are showing renewed interest in Asian stocks, particularly in Taiwan, according to a report released on December 25. In the week of December 18 to 22, foreign funds flowed back into Asian stocks, with the Taiwan Stock Exchange attracting NT$643 million. South Korea also saw an influx of NT$602 million. South Korean stocks performed the best, increasing by 1.4%, followed closely by Thailand with a 1.01% increase. Indonesia, the Philippines, and Vietnam also experienced positive growth. However, Taiwan’s stocks unexpectedly fell by 0.44%, despite being favored by foreign investors. India’s stock market also dropped by 0.53% for the week. In terms of overall performance in 2023, Taiwan’s stocks related to the AI supply chain surged 24.47%, surpassing the gains made by India (16.87%) and South Korea (16.24%). Looking ahead, PGIM noted that Taiwan’s industry has already hit bottom, with November’s export orders totaling US$50.63 billion, driven by emerging technologies such as high-performance computing and artificial intelligence.
2023/12/26 13:54
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Survey: near 60% in Taiwan expect 1-3 months’ year-end bonus
A new survey conducted by Cathay Financial Holding reveals that 59.3% of respondents expect their year-end bonuses for 2023 to be between one to three months’ worth of salary. Additionally, 45.9% of those polled anticipate a salary increase in 2024, with 9.2% expecting the raise to exceed 3%. However, only 8.3% foresee year-end bonuses topping three months’ salary, while 32.4% predict bonuses will fall below one month. In terms of regular monthly earnings in 2024, 47.6% of participants project stability. The survey also indicates that the average growth expectation for Taiwan’s economy in 2024 stands at 2.52%, with 70% of those surveyed predicting a growth rate above 2%. Respondents expect the inflation rate in 2024 to be 2.21%, with 55% believing it will remain above 2%. These figures differ from the projections by the Directorate-General of Budget, Accounting and Statistics, which forecasts a 3.35% growth rate and a 1.64% inflation rate for Taiwan in 2024. In December, the optimism index for Taiwan’s stock market rose sharply to 16.1 from -0.4 in November, and the risk appetite index increased from 10.3 to 13.9, indicating market anticipation of potential rate cuts by major central banks next year. The survey, conducted from Dec. 1 to 7, gathered 13,379 valid questionnaires via email from members of Cathay Life Insurance’s official website and customers of Cathay United Bank.
2023/12/20 20:00
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Taiwanese optimism on year-end bonuses sises, survey shows
A survey by Cathay Financial Holdings reveals that Taiwanese are increasingly optimistic about year-end bonuses and economic prospects. 59.3% of respondents expect bonuses ranging from one to three months’ salary, surpassing last year’s 55%. Furthermore, 8.3% anticipate bonuses exceeding three months’ pay, reflecting an improvement in attitudes towards Taiwan’s economy. The Directorate-General of Budget, Accounting and Statistics predicts a 3.35% economic growth in 2024 with an inflation rate of 1.64%, but the public is more cautious, expecting a 2.52% growth and a 2.21% inflation rate. The optimism index for the local stock market has also improved. Additionally, 45.9% of Taiwanese anticipate salary increases, a 13.2 percentage point increase from 2022, while those expecting a steady monthly income dropped by 10.9 percentage points to 47.6%. Only 32.4% believe their year-end bonus will be less than one month’s salary, a decrease of 5.6 percentage points from the previous year.
2023/12/20 17:28