Industry

U.S. Dollar Down Sharply in Taipei Trading

Taipei: The U.S. dollar was traded at NT$29.700 at 10 a.m. Monday on the Taipei Foreign Exchange, down NT$1.364 from the previous close.

According to Focus Taiwan, this significant drop in the U.S. dollar’s value suggests changes in the market condi…

Sharp Rise of Taiwan Dollar Hits Life Insurance Sector Hard

Taipei: The lead story in major Taiwan dailies highlights the significant impact on the life insurance sector due to a sharp rise in the Taiwan dollar.

According to Focus Taiwan, this sharp increase in the currency’s value has posed challenges for …

Taiwan Shares Open Higher with Early Gains

Taipei: The Taiwan Stock Exchange’s main index saw an increase as it opened up 51.40 points, reaching 20,839.04. The initial turnover for the day amounted to NT$6.82 billion, which is approximately US$220.64 million.

According to Focus Taiwan, the ma…

Taiwan Shares Close Down 1.23%

Taipei: Taiwan shares ended down 254.65 points, or 1.23 percent, at 20,532.99 Monday on turnover of NT$387.02 billion (US$12.92 billion).

According to Focus Taiwan, the decline in Taiwan’s stock market reflects a significant movement in the financia…