-
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 -
Maersk layoffs send shipping stocks tumbling
Global shipping leader Maersk’s decision to cut its workforce by 10,000 has caused a downturn in shipping stocks on November 6th. Within the first ten minutes of trading, Evergreen Marine (2603) dropped 4% to NT$107.5, while Yang Ming Marine Transport (2609) and Wan Hai Lines (2615) also experienced turbulence with declines of over 2%. Following Maersk’s announcement, the company’s stock price fell more than 18%. The shipping industry is currently facing numerous challenges, including sluggish cargo demand, falling freight rates, rising energy costs, inflation, and geopolitical tensions. Maersk CEO Vincent Clerc described these challenges as the "new normal." Insiders have noted that the shipping market is not as robust as it has been in recent years, leading to uncertainty and a "supply-demand imbalance" in the coming year.2023/11/06 20:06 -
Tesla drops price on Model Y in Taiwan
Taiwan Tesla announced a price reduction for its Model Y vehicles on Friday (Feb. 3), following a wait of over a month.2023/02/04 22:00