Taiwan Financial News

Nifty recorded a new all-time high daily in December, the 50-stock index was still not among the top-performing global indices in November, falling behind benchmark indices in developed markets viz US, UK, Japan, France, Switzerland and Germany. Among the emerging markets, Nifty was behind Taiwan, Korea, Brazil, and South Africa while remaining ahead of China. Nifty rose 5.5% in November, witnessing a turnaround after hitting a low of 18,989.15 on November 1, led by gains in auto, healthcare, and realty stocks.

Investing.com-- Most Asian currencies rose slightly on Wednesday as weak U.S. labor data spurred continued bets on early interest rate cuts by the Federal Reserve, helping investors look past persistent concerns over China’s economy.

Taiwan makes the majority of the world's most advanced semiconductor chips, used in everything from smartphones to electric vehicles, and the government has long worried about Chinese efforts to copy its success, including through industrial espionage and poaching engineers.

By Faith Hung and Rae Wee

Apple is scouting for new suppliers — Indian, Japanese and South Korean — which can provide crucial components to its contract manufacturers in India, people aware of the matter told ET. This comes on the back of delayed government approvals for imports from existing suppliers — primarily of Chinese origin — of batteries, camera lens, chargers and other equipment required to make its flagship iPhones and iPads in India, they said.

Apple's iPhone business in India will have no impact from the reported factory closure in Chennai due to the extreme weather situation in Chennai owing to cyclone Michaung, said industry executives close to the company. They said Apple ensures there are enough buffer stocks of iPhones in distribution to deal with such situations. «Apple does not work in a just-in-time inventory model, where a day of downtime impacts supplies. They ensure there is enough stock to tide over a week-long disruption,» said one of the executives, who did not wish to be identified. The executives said Apple treats worker safety as the top priority in such situations and that this has been communicated to its suppliers in the cyclone-affected area. Production was yet to resume at Foxconn and Pegatron facilities in Sriperumbudur near Chennai on Tuesday, despite an improvement in weather, after being halted following heavy rains impacting day-to-day life in the coastal city and its outskirts. Taiwan-headquartered Foxconn and Pegatron are two of Apple's key local assemblers of iPhones and are part of the government's production-linked incentive scheme.

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Taiwan’s Financial Supervisory Commission (FSC) is exploring the possibility of introducing cryptocurrency exchange-traded funds (ETFs).

Indian equities, followed by Taiwanese and South Korean stocks. “Ultimately, India stands out as its own story, as it offers more attractive scale and demographic dividends than most emerging markets, and does so under a democracy," said Malcolm Dorson, the head of emerging-market strategy at Global X Management Co.

By Summer Zhen

TAIPEI (Reuters) — Taiwan President Tsai Ing-wen appealed to voters on Sunday to think of what had happened to Chinese-controlled Hong Kong when they cast their ballots next month, saying peace must be backed up with a commitment to boost defences.

MANILA: The Philippines said Sunday more than 135 Chinese vessels were «swarming» a reef off its coast, describing the boats' growing presence as «alarming». The Chinese boats were «dispersed and scattered» within the boomerang-shaped Whitsun Reef, which the Philippines calls Julian Felipe Reef, around 320 kilometres (200 miles) west of Palawan Island, the coast guard said. Whitsun Reef is more than 1,000 kilometres from the nearest major Chinese landmass of Hainan island. The Philippines said it counted 111 «Chinese maritime militia vessels» (CMM) on November 13.

It might not look like it yet, but Intel is in a fight for its life. The stakes for its employees and investors are high, and are likely to turn on some fierce battles for market share that will play out in 2024 and beyond. For the everyday consumer, what’s at stake is mostly nostalgia.

equity gauges Friday towered above shrinking benchmarks in export-focused Asian economies to leap to a record, with higher-than-expected economic growth, softer energy prices and subdued US bond yields drawing both overseas and local funds to domestic risk assets. Traders have factored in victories for the BJP in the latest round of state polls and their results, to be announced Sunday, may have a bearing on the short-term directional trend for stocks, although most analysts believe the indices will climb through December. The Nifty gained 134.75 points, or 0.67%, to close at 20,267.90, after an intraday high of 20,291.55. The Sensex climbed 492.75 points, or 0.74%, to close at 67481.19.

Paul Lynch won this year's Booker Prize for his dystopian novel, Prophet Song. Set in the near-future, it is a novel of our times: a liberal democracy — in this case, Ireland — under authoritarian rule with law enforcement and the judiciary weaponised by far-reaching powers. But it is a particularly illuminating point made by Lynch in a TOI interview that merits more burrowing.

By Leika Kihara

Meta says it has found and disabled thousands of fake Facebook accounts linked to China that were used to spread politically partisan content in the United States before next year’s election

In November, the cryptocurrency industry experienced significant losses, with bug bounty platform Immunefi reporting that over $343 million was lost to platform hacks and fraudulent activities.

By Kane Wu

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By Sarah Wu