Business

Taiex Reaches New High Despite U.S. Hormuz Strait Blockade Threats

Taipei: Shares in Taiwan closed slightly up at a new closing high Monday after recouping earlier losses, despite U.S. President Donald Trump’s threats to blockade the Strait of Hormuz after failing to reach an agreement with Iran, dealers said. The Ta…

FTC Approves E. Sun Financial’s Acquisition of Mercuries Life

Taipei: Taiwan’s Fair Trade Commission (FTC) announced Wednesday that it has approved the acquisition of Mercuries Life Insurance Co. by E. Sun Financial Holding Co. The commission determined that the transaction does not pose a risk of restricting co…

Taiwan Stock Exchange Index Opens Higher, Gains 149.68 Points

Taipei: The Taiwan Stock Exchange’s main index made a positive start, opening up by 149.68 points at 33,379.50. The turnover for the opening session amounted to NT$10.66 billion, which is approximately US$335 million.

According to Focus Taiwan, the …