Industry

U.S. Dollar Higher in Taipei Trading

Taipei: The U.S. dollar was traded at NT$30.986 at 10 a.m. Wednesday on the Taipei Foreign Exchange, up NT$0.080 from the previous close. According to Focus Taiwan, the increase in the U.S. dollar’s value came amidst ongoing market activities in the region. The trading session observed this upward adjustment from

Taiwan Shares Plunge 2% Early on Wednesday, Driven by TSMC Decline

Taipei: Shares in Taiwan moved sharply lower early Wednesday morning, led down by contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), after heavy tech stock losses in the United States overnight amid worries over an artificial intelligence bubble. As of 9:45 a.m., the Taiex, the Taiwan Stock Exchange’s weighted index, had

Taiwan Shares Open Sharply Lower

Taipei: The Taiwan Stock Exchange’s main index experienced a significant drop as it opened down 330.65 points at 27,785.91. This notable decline was recorded on Wednesday with a turnover of NT$13.98 billion (US$452 million). According to Focus Taiwan, this sharp decrease reflects investor sentiments and market dynamics that have influenced

Rainy Weather Forecasted for Northern Taiwan Due to Seasonal Winds

Taipei: Northern Taiwan will experience rainy weather on Monday as a seasonal northeasterly wind system brings increased moisture, according to the Central Weather Administration (CWA). Continuous rainfall is expected on the north coast of Keelung, the Greater Taipei area, and Yilan County due to the combined effects of these winds