Business

TSMC Shares Surge Almost 69% in ‘Year of Snake’

Taipei: Shares in contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), the most heavily weighted stock on the local market, soared almost 69 percent in the Year of the Snake. On Wednesday, the last trading session of the Year of the Snake…

TSMC Rally Propels Taiex to Record High Close

Taipei: Shares in Taiwan closed at a fresh record high Wednesday, with the Taiex jumping more than 500 points in the final session before the Lunar New Year break, as heavyweight Taiwan Semiconductor Manufacturing Co. (TSMC) continued to draw buying i…

MSCI Adjusts Taiwan’s Weighting in Major Indexes

Taipei: MSCI Inc., a global index provider, has raised Taiwan’s weighting in one of its major indexes but cut the weighting in two other indexes after a regular index review.

According to Focus Taiwan, MSCI announced an upgrade of Taiwan’s weighting…

Taiwan Shares Close Up 1.61% as Market Sees Positive Turnaround

Taipei: Taiwan shares ended up 532.74 points, or 1.61 percent, at 33,605.71 Wednesday on turnover of NT$674.08 billion (US$21.47 billion).

According to Focus Taiwan, the stock market in Taiwan experienced a notable increase, reflecting a positive ch…

Taiwan Shares Open Higher on Wednesday

Taipei: The Taiwan Stock Exchange’s main index experienced an uptick as trading commenced on Wednesday, with the index opening up 13.18 points at 33,086.15. The initial turnover for the session was recorded at NT$12.11 billion (US$384.67 million).

A…