Taiwan Financial News

With the final quarter of 2023 approaching, one winning strategy in emerging markets is becoming clearer: buying shares in smaller companies.

Investing.com -- U.S. stock futures point higher to begin the new trading week, with markets preparing for a parade of key central bank policy meetings around the world. Traders will be keeping a particularly close eye on the U.S. Federal Reserve's two-day gathering, where policymakers are expected to lay out how they see inflation evolving over the remaining months of 2023. Elsewhere, the potential pricing of initial public offerings from tech groups Klaviyo and Instacart are in focus after chip designer Arm 's blockbuster debut.

Ashwini Vaishnaw on Monday said the government was «fully committed» to Foxconn's plans to expand its manufacturing footprint in the country. «Fully committed to support and facilitate,» Vaishnaw said on X (formerly Twitter) and quoted the Foxconn India representative V Lee's LinkedIn post on Sunday where he had wished Prime Minister Narendra Modi on the occasion of his birthday and said the Taiwanese contract manufacturer was “aiming for another doubling of employment, FDI (foreign direct investment), and business size in India” by this time next year.

Foxconn, Taiwan-based Apple supplier, has said that they are planning to double their investment and workforce in India within the next twelve months, according to V Lee' LinkedIn post on the occasion of Prime Minister Narendra Modi's 73rd birthday. Taiwan-based Foxconn, the world's largest contract manufacturer of electronics, has rapidly expanded its presence in India by investing in manufacturing facilities in the south of the country as the company seeks to move away from China.

Police in a southern Chinese city say they have detained some staff at China Evergrande Group’s wealth management unit in the latest trouble for the heavily indebted developer

Taiwan's Ministry of National Defence (MND) monitored nine Chinese military planes and 10 naval vessels in the vicinity of Taiwan. According to Taiwan News, there was no indication that any PLA aircraft had crossed the Taiwan Strait's middle line or entered Taiwan's southwest air defence identification zone (ADIZ) at this time. Taiwan responded by sending ships, planes, and land-based missile systems to track PLA activity. China has gradually increased the number of military planes and navy ships operating near Taiwan since September 2020, expanding its use of grey zone techniques, Taiwan News reported. A grey zone tactic generally refers to «An effort or series of efforts beyond steady-state deterrence and assurance that attempts to achieve one's security objectives without resorting to direct and substantial use of force.» Beijing has conducted 109 navy ship sorties and launched 199 military aircraft around Taiwan so far this month.

BBC. It is to be known that China conducted air and naval drills around Taiwan this week which is seen as a routine show of military might around the island.

China’s economic slump due to years of Covid restrictions, a property market crisis, and persistent tensions with the West — concerns that have helped make the “avoid China" theme one of the biggest convictions among investors in Bank of America’s latest survey. Foreign fund participation in the Hong Kong stock market has dropped by more than a third since the end of 2020. “Foreigners are just throwing in the towel," said Zhikai Chen, head of Asia and global EM equities at BNP Paribas Asset Management.

By Stephen Culp

Stocks that are trading heavily or have substantial price changes on Friday: Nucor, Planet Fitness fall; Newmont, Frequency Electronics rise

Chinese smartphone manufacturer Xiaomi Inc's supplier Dixon Technologies India Ltd will reportedly open a massive new factory on the outskirts of New Delhi, Bloomberg News reported. Chinese-based company Xiaomi has been compelled to partner with Dixon for smartphone assembly because India is pressing Chinese companies to localize everything from manufacturing to distribution of devices. As per the Bloomberg report, Dixon will invest more than ₹4 billion ($48.2 million) over three years in the factory, which is spread over more than 300,000 square feet or the size of six football fields, and will largely produce Xiaomi smartphones.

Xiaomi Inc. supplier Dixon Technologies India Ltd.

Gold has beaten equities in local currency returns across emerging markets, excluding India, in the past 23 years. According to data compiled by DSP Mutual Fund, the yellow metal’s returns in most emerging market currencies have been 0.4% to 7.9% higher on a compounded basis than their stocks. The exception has been India, with equity returns exceeding that of gold by 0.7% emerging markets tend to have chronic economic, political, or governance issues, resulting in currencies depreciating and adding to gold returns, said Sahil Kapoor, head- products and market strategist at DSP Mutual Fund. Gold returns from local currencies in Turkey, Malaysia, Taiwan, and South Korea have yielded the highest returns over local equities.

NEW DELHI : Japan is looking to revive a dialogue with India focused on Indo-Pacific issues by the end of this year, according to persons aware of the matter. This dialogue, which was last held some years ago, is expected to take in topics ranging from economic security and China’s military expansionism to Indo-Japanese cooperation with third countries in the region. The move to revive this dialogue comes amid escalating tensions in the Indo-Pacific in recent months.

In the biggest IPO since 2021, Arm Holdings (NASDAQ:ARM), the renowned chip design firm, will start trading on the Nasdaq today for $51 per share — which prices the company at a hefty $54.5 billion market cap.

China is promoting new economic opportunities for Taiwanese people while at the same time ramping up military activity around the island it claims as its own

Terry Gou, the founder of tech giant Foxconn, has revealed his running mate for the upcoming presidential election in Taiwan. Gou, who declared his candidacy as an independent candidate last month, introduced Tammy Lai, a well-known actress renowned for her role in a prominent Netflix drama series. Despite months of speculation surrounding his potential candidacy, Gou has faced challenges in gaining significant support in opinion polls.

New Delhi: Adani Global Pte Ltd., Singapore, a wholly-owned subsidiary of Adani Enterprises Ltd., on Thursday announced a 50:50 joint venture (JV) with Kowa Holdings Asia Pte Ltd., Singapore, for sales and marketing of green ammonia, green hydrogen and its derivatives, the company said here in a statement. “The green hydrogen and its derivatives are to be manufactured in India under Adani New Industries Limited (ANIL). The JV will concentrate on marketing of products in Japan, Taiwan and Hawaii," the company added.

TAIPEI (Reuters) — Taiwan is «not for sale», the island's foreign minister said in a stern rebuke to Elon Musk who asserted Taiwan was an integral part of China, as the billionaire again waded into the thorny issue of relations between Beijing and Taipei.

North Korea has 191 athletes signed up for the Asian Games starting next week, according to organisers, suggesting the country is poised to end its more than three-year isolation from the global sporting arena. North Koreans are listed on the Games' website for accredited media to compete in the Chinese city of Hangzhou in sports including athletics, gymnastics, basketball, football, boxing and weightlifting. North Koreans were similarly down to compete at a weightlifting tournament in Cuba in June, but they failed to show. North Korea closed its already tight borders in early 2020 following the outbreak of the pandemic and skipped the Tokyo Olympics, which were pushed back to 2021 because of Covid. It was then banned by the International Olympic Committee from the 2022 Beijing Winter Olympics for failing to take part in Tokyo. There have been recent signs that the border restrictions have been eased slightly, with a taekwondo team allowed to travel to a competition last month in Kazakhstan. Prior to that, North Korea had not sent any of its domestic athletes to overseas competitions since the pandemic. The sporting action at the Games in Hangzhou starts on September 19, four days before the opening ceremony, with North Korea scheduled to face Taiwan in men's football that day. Leader Kim Jong Un is said to be an avid sports fan and Games hosts China are North Korea's longtime ally and main economic benefactor. North Korea has traditionally been especially strong in weightlifting, dominating the event at the Jakarta Asian Games in 2018 with eight golds. Ri Song Gum and Rim Un Sim, who both won gold in the women's weightlifting five years ago, are scheduled to appear in Hangzhou. But North Korea has also been among the

BEIJING (Reuters) -China will take a number of «special» policy measures to improve access for Taiwanese enterprises to Fujian province across the Taiwan Strait, the Chinese state planner said on Thursday, under a long-term cross-strait integrated development plan.