Business

USITC Initiates Investigation Involving Taiwanese Tech Firms

Washington:The U.S. International Trade Commission (USITC) has initiated a Section 337 investigation targeting several Taiwanese technology companies, including Foxconn, Delta Electronics Inc., and Quanta Computer Inc. Taiwan’s Ministry of Economic Af…

Taiwan Stock Market Closes Lower by 0.99%

Sanaa:Taiwan shares concluded the trading session down 492.93 points, or 0.99 percent, at 49,313.44 on Thursday.

According to Focus Taiwan, the turnover for the day was NT$869.70 billion, equivalent to US$27.29 billion.

U.S. Dollar Gains Against Taiwan Dollar in Taipei Forex Market

Taipei:The U.S. dollar appreciated against the Taiwan dollar on Thursday, closing at NT$31.875 with an increase of NT$0.080.

According to Focus Taiwan, the trading session saw a turnover totaling US$2.503 billion.

The greenback opened at NT$31.820…