Business

Taiex Rebounds to 40,000 Points Amid AI Spending Concerns

Taipei: Shares in Taiwan rebounded to the 40,000-point level by the close of trading Wednesday after late bargain hunting. Despite this recovery, the Taiex still posted a significant decline of over 1,500 points due to ongoing concerns about heavy inv…

Taiex Suffers Third Steepest Point Drop Amid AI Spending Concerns

Taipei: Shares in Taiwan posted the third largest single-session point decline Tuesday as tech stocks took a beating amid lingering concerns over massive spending on AI development that may not deliver comparable returns, dealers said. The Taiex, the …

TSMC’s Japan Fab Evacuates Staff After Strong Earthquake

Taipei: Taiwan Semiconductor Manufacturing Co.’s (TSMC) subsidiary, Japan Advanced Semiconductor Manufacturing Inc. (JASM), located in Kumamoto Prefecture, Japan, evacuated its employees after a powerful earthquake struck the region Tuesday afternoon,…

Taiwan Shares Close Down 4.65%

Taipei: Taiwan shares ended down 2,030.83 points, or 4.65 percent, at 41,603.36 Tuesday on turnover of NT$809.48 billion (US$25.04 billion).

According to Focus Taiwan, the significant drop in the stock market has been a point of concern for investor…