Taipei: Taiwan’s stock market tumbled sharply Wednesday as heavy selling in major technology stocks triggered a broad-based decline, sending the benchmark index below its monthly moving average and erasing all of the previous session’s gains. The Taie…
Taipei: Taiwan shares ended down 1,478.9 points, or 3.31 percent, at 43,225.54 Wednesday on turnover of NT$1.32 trillion (US$41.46 billion).
According to Focus Taiwan, the decline marked a significant drop in the stock market, reflecting a shift in…
Taipei: Taiwan Semiconductor Manufacturing Co. (TSMC) on Wednesday reported record monthly revenue of NT$416.975 billion (US$13.19 billion) in May, putting the world’s largest contract chipmaker on track to set a record for quarterly revenue.
Accord…
Taipei: Taiwan’s exports hit the second highest level ever in May, soaring over 50 percent from a year earlier, as global demand for tech gadgets remained robust during the AI boom, the Ministry of Finance (MOF) said Tuesday.
According to Focus Taiw…
Taipei: Taiwan-based manufacturing giant Hon Hai Precision Industry Co. has established a partnership with Brookfield, a leading global investment firm, to make renewable energy investments in Vietnam. In a statement, iPhone assembler and AI server ma…
Taipei: Shares in Taiwan staged a strong technical rebound Tuesday led by the electronics sector after a U.S. tech rally overnight, while buying also rotated to financial stocks, giving an additional boost to the broader market, dealers said. The Taie…
