Business

Bank SinoPac Board Approves Merger with King’s Town Bank

Taipei: Bank SinoPac said Friday its board has approved a merger with King’s Town Bank, with Bank SinoPac being the surviving entity. The merger will take effect on a date to be set following regulatory approval, Bank SinoPac said in a statement.

Acc…

Taiex Surges Over 800 Points as Trump Comments on Talks with Iran

Taipei: Shares in Taiwan moved sharply higher Wednesday after U.S. President Donald Trump said peace talks with Iran were underway, suggesting a de-escalation in the war with Tehran, analysts said. The Taiex, the Taiwan Stock Exchange’s benchmark inde…

Taiwan Stock Exchange Sees Positive Opening as Main Index Rises

Taipei: The Taiwan Stock Exchange’s main index experienced an upward trend as trading began, with an increase of 113.03 points, bringing the index to 32,725.27. The turnover for this session reached NT$8.22 billion, which is approximately US$255.02 mi…

Taiwan Shares Surge by 2.54%

Taipei: Taiwan shares ended up 826.87 points, or 2.54 percent, at 33,439.11 Wednesday on turnover of NT$624.71 billion (US$19.38 billion).

According to Focus Taiwan, the significant increase in the stock market reflects robust trading activities, co…