Industry

Taiex Experiences Third Steepest Decline as Tech Stocks Tumble

Taipei: Shares in Taiwan faced a significant downturn, marking the third steepest point drop in history, primarily influenced by substantial losses in the U.S. tech market, as reported by market dealers.

According to Focus Taiwan, the Taiex, Taiwan’…

Taiwan Shares Close Down 3.64%

Taipei: Taiwan shares ended down 1,683.50 points, or 3.64 percent, at 44,571.76 Friday on turnover of NT$1.55 trillion (US$48.21 billion).

According to Focus Taiwan, the market experienced a significant drop in points at the end of the trading sessi…

Taiwan Business Sentiment Rises Across Major Sectors in May

Taipei: Business sentiment in Taiwan’s manufacturing, service, and construction sectors improved in May, driven by strong artificial intelligence demand, the Taiwan Institute of Economic Research (TIER) said Thursday.

According to Focus Taiwan, at a…

CUB Founder Assaults Bank Chairman Over ‘Misunderstanding’

Taipei: Following reports of a physical altercation between Cathay United Bank (CUB) founder Tsai Chen-yu and bank Chairman Kuo Ming-jian, the bank on Wednesday attributed the incident to a “misunderstanding” about Kuo’s multiple positions outside the…