Business

FSC Closely Monitors Growing Personal Loans Amid Equity Boom

Taipei: The Financial Supervisory Commission (FSC), Taiwan’s top financial regulator, is closely watching expanding personal credit as more retail investors borrow money to invest in the stock market and tap the current equity boom. Speaking with repo…

Taiwan Shares Close Down 2.24%

Taipei: Taiwan shares ended down 1,057.05 points, or 2.24 percent, at 46,043.6 Wednesday on turnover of NT$1.45 trillion (US$45.44 billion).

According to Focus Taiwan, the market experienced a significant drop, reflecting a broader trend in market se…

CUB Founder Assaults Bank Chairman Over ‘Misunderstanding’

Taipei: Following reports of a physical altercation between Cathay United Bank (CUB) founder Tsai Chen-yu and bank Chairman Kuo Ming-jian, the bank on Wednesday attributed the incident to a “misunderstanding” about Kuo’s multiple positions outside the…

Taiwan Shares Open Lower on Taiwan Stock Exchange

Taipei: The Taiwan Stock Exchange’s main index opened with a decrease of 190.67 points, settling at 46,909.98. The trading session on Wednesday began with a turnover amounting to NT$17.56 billion, which is approximately US$549.81 million.

According …

Led by TSMC, Taiwan Shares Plummet After U.S. Tech Losses

Taipei: Shares in Taiwan plunged over 1,000 points Wednesday after chip stocks in the United States suffered heavy losses overnight amid caution before Micron Technology Inc. released its quarterly results, dealers said. The Taiex, the Taiwan Stock Ex…