Taiwan Financial News

https://www.discoverhongkong.com/eng/what-s-new/events/chinese-new-year/night-parade.html. After the parade, the floats will be stationed at The Urban Council Centenary Garden, in Tsim Sha Tsui, for public exhibition from 11 to 25 February.

By Jamie McGeever

Pran Pratishtha ceremony of the Ram Temple in Ayodhya, the Indian community in Taiwan came together in a joyous celebration, embracing the significant occasion. The festivities, held on January 21, witnessed two distinct events organised by the vibrant Indian community in Taiwan, as well as the dedicated efforts of ISKON Taiwan. The gatherings were filled with spiritual fervour as attendees engaged in Keertan and Bhajan, creating an atmosphere of reverence and cultural unity. These events were not only a testament to the deep-rooted cultural ties maintained by the Indian diaspora in Taiwan but also an expression of collective joy over the monumental inauguration. https://twitter.com/ANI/status/1749040602178802018 Adding to the spirit of unity, the Indian Association of Taiwan is set to organise another event, offering a live stream of the Pran Pratishtha ceremony.

In the week gone by, FPIs net sold shares worth over Rs 21,000 crore, signalling a sudden shift in the strategy. So far in the month of January, FPIs were net sellers at Rs 16,455 crore. Domestic institutional investors, meanwhile, are holding for as they invested about Rs 10,274 crore in Indian equities so far this month. Analysts say the rise in US bond yields and elevated valuations are triggering capital outflows from emerging markets. The not-so-pleasing results of India's leading HDFC Bank also aggravated the outflows as they increased short positions.

OpenAI CEO Sam Altman has been talking to a number of potential investors in a bid to raise billions of dollars to set up a chip-making company, according to a report by Bloomberg. The 38-year-old entrepreneur is said to be looking to set up a network of factories to manufacture semiconductors. Also Read | Sam Altman addresses ‘nervousness’ around Artificial Intelligence: ‘It's on us to…' Notably, building a state-of-the-art manufacturing facility would require tens of billions of dollars in funding, and creating a network of such facilities will take years, Bloomberg reported.

₹13,047 crore worth of Indian equities and the total inflow stands at ₹134 crore as of January 19, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL) data. FPIs were big players in financial services and information technology (IT), according to analysts. "There is a sudden change in the strategy of the FPIs starting 17th January.

Reliance Industries, ICICI Bank, HUL, Paytm, are among the stocks that will be in focus todayBenchmark indexes rose in Japan, South Korea and Australia. TSMC jumped more than 5% in Taiwan after its American depository receipts surged almost 10% to close at the highest since February 2022.Shares in mainland China declined after making a late turnaround on Thursday.

The benchmark's close confirmed that the S&P 500 has been in a bull market since it closed at its low on Oct. 12, 2022, according to one measure which also puts that date as the end of a bear market. In a selloff between its record high close of 4,796.56 on Jan.

ZURICH (Reuters) — Swiss engineering group ABB (ST:ABB)'s operations in China are being scrutinised by two U.S. Congress committees dedicated to investigating security threats and risks posed by Beijing, documents showed on Friday.

Investing.com — European stock markets rose Friday, continuing the tech-inspired global rally as investors shake off the negative sentiment from earlier in the week. 

Investing.com-- Major Asian chipmaking and technology stocks rose sharply on Friday, tracking better than expected earnings from TSMC and as the chipmaking giant also flagged a positive outlook on AI demand.

Investing.com-- Most Asian stocks rose on Friday as a positive, AI-fuelled outlook from TSMC spurred a rebound in the technology sector, although weakness in China and uncertainty over interest rates put most bourses on course for a weekly loss.

Asian shares bounced on Friday, buoyed by a rally in regional chipmakers, while the yen was set to end the week with heavy losses as investors pared back bets the Bank of Japan would soon abandon its uber-easy policies. Oil prices were on edge amid worries about increasing geopolitical risks in the Middle East. The U.S. launched new strikes against Houthi anti-ship missiles aimed at the Red Sea on Thursday, and Pakistan conducted strikes inside Iran, two days after Iranian strikes inside Pakistani territory. MSCI's broadest index of Asia-Pacific shares outside Japan rallied 0.9% on Friday, but was still down 2.9% for the week, the biggest weekly loss since mid-August. Taipei-listed shares of Taiwan Semiconductor Manufacturing (TSMC) surged 5.0% after the chipmaking giant projected 2024 revenue growth of more than 20%.

AI optimism drove gains in Nvidia and other chipmakers. U.S.-listed shares of Taiwan Semiconductor Manufacturing (TSMC) soared nearly 10% after the world's largest contract semiconductor maker projected 2024 revenue growth of more than 20% on booming demand for high-end chips used in artificial-intelligence applications. Heavyweight chipmaker Nvidia rose 1.9% to a record high, and it was the most-traded company on Wall Street, with almost $28 billion worth of shares exchanged. Rival Advanced Micro Devices rose 1.6% and also notched a record high. Broadcom, Qualcomm and Marvell Technology gained more than 3% each.

Investing.com — The Dow closed higher Thursday, overcoming an intraday stumble as big tech resumed its climb higher, powered by a rally in Apple and chip stocks. 

The crypto exchange Woo has secured $9 million in a recent funding round. The capital injection came from existing and prospective market makers trading platform.

By Caroline Valetkevitch

(Updated — January 18, 2024 11:45 AM EST)

Taiwan Semiconductor Manufacturing (NYSE:TSM), the Taiwan-based chipmaker, has announced quarterly net profit figures surpassing market expectations in its Q4 financial results unveiled today.

By Johann M Cherian and Ankika Biswas

Investing.com-- Taiwan Semiconductor Manufacturing Co (TW:2330) (NYSE:TSM) logged a smaller-than-expected decline in its fourth-quarter profit as revenue was buoyed by increased sales of its most advanced chips.