Taiwan Financial News

TSMC, the world's largest contract chipmaker, will decide this week whether to invest in chip designer Arm Holdings' blockbuster initial public offering (IPO), Chairman Mark Liu said on Wednesday. Speaking on the sidelines of the SEMICON Taiwan summit, Liu said his company was still evaluating the matter and, when pressed on when a decision may come, he added «this week».

ASEAN Summit in Indonesia and G20 Summit in India this month, chief cabinet secretary Hirokazu Matsuno told reporters on Tuesday as reported by Reuters. 3. In another news, the Japanese PM Fumio Kishida also announced that a 20.7 billion yen ($141 million) emergency fund to help exporters hit by China's ban on Japanese seafood over the release of treated radioactive wastewater from the damaged Fukushima nuclear power plant.

Taiwan’s government is racing to counter China, buying nearly $19 billion in military equipment from the United States, and extending military conscription for men to a year starting in 2024

Taitung: Typhoon Haikui toppled hundreds of trees, damaged coastal roads and dumped torrential rain across Taiwan Monday before it weakened into a severe tropical storm and headed for southern China. Haikui had initially appeared to depart the island but made a second landfall early Monday in southwest Kaohsiung before moving out into the Taiwan Strait. There were no reports of deaths. More than 100 people suffered injuries during the typhoon, according to authorities, though they were minor — mostly due to fallen trees and car accidents. Destruction was seen in coastal Taitung, a mountainous county in lesser-populated eastern Taiwan where the storm directly hit the day before. «This is the first time I have seen such a big typhoon in my life,» said Chen Hai-feng, 55, a village chief in Taitung's Donghe township. Although Haikui is considered less severe than previous storms, Chen told AFP it felt more powerful as he surveyed an early-morning work crew removing trees from a road.

G20 summit in New Delhi. That would make him the second major leader after Russia’s President Vladimir Putin to skip the event.

Stocks are higher in Europe and Asia after Wall Street was boosted by a report that signaled the U.S. jobs market, while still healthy, is showing some signs of cooling

Aspiring Taiwanese independent presidential candidate Terry Gou has resigned from the board of Foxconn, the Apple supplier he founded nearly a half-century ago

Taiwan’s government is racing to counter China, buying nearly $19 billion in military equipment from the United States, and extending military conscription for men to a year starting in 2024

For some investors seeking to diversify their portfolios, emerging markets are looking increasingly attractive. There are 169 emerging-markets stock ETFs available to fund investors, with total assets of about $296 billion, according to fund researcher Morningstar Direct. Some analysts and financial advisers say there is a lot to like about this sector right now.

The domestic stock markets underperformed the world markets in 2023 despite hitting lifetime highs in July. The MSCI India Index delivered 2.3% year-to-date returns, compared with MSCI indices comprising Europe, USA, Japan, Korea, Taiwan and Argentina, which delivered between 8.7% and 46.1% returns.

Typhoon Haikui made landfall in Taiwan on Sunday, reported CNN. According to Taiwan's Central News Agency (CNA), the two people who were injured as a result of the Typhoon were travelling in a van, when a tree fell on the vehicle. They suffered injuries but were conscious and taken to hospital, it added. The storm made landfall in the southern coastal township of Donghe at about 3:40 p.m. local time, according to the weather bureau. According to Taipower, the state electricity provider, more than 9,300 households in Taitung and Hualien counties have lost power as of 2 p.m. local time on Sunday, reported CNN. Repairs are now underway. Taipei, Taiwan's capital, is currently receiving heavy rainfall.

By Kirsty Needham

TAIPEI (Reuters) -Domestic flights were cancelled and almost 4,000 people were evacuated as Typhoon Haikui barrelled into southeastern Taiwan on Sunday bringing torrential rain and strong winds.

Taiwan girded for the arrival of Typhoon Haikui on Sunday, which is expected to bring torrential rain and strong winds to the island's south and east. Haikui is forecast to make landfall in the mountainous and sparsely populated far southeast of Taiwan late Sunday afternoon, with counties and cities in the east and south cancelling classes and declaring a day off for workers. Haikui is a much weaker storm than Typhoon Saola which hit Hong Kong and the southern Chinese province of Guangdong on Saturday.

domestic flights and the evacuation of nearly 3,000 individuals. The typhoon is anticipated to bring heavy rainfall and powerful winds to the southern and eastern regions of the island. Haikui is predicted to hit the remote and thinly populated southeastern part of Taiwan, characterized by mountainous terrain, during late Sunday afternoon.

leadership of the group to a professional manager four years ago". Gou's campaign team declined to comment. Asked on Monday about the issue of conflict of interest with Gou being a major shareholder of Foxconn, which has massive investment in China, Gou said he's willing to "sacrifice" his personal assets in China in the event of a Chinese attack.

China’s economic troubles have so far been a boon to other Asian markets. But if the world’s second largest economy continues to turn sour, things could start to look uglier for them too. Major Asian stock markets have been doing well in 2023.

RBI) Governor Shaktikanta Das has been rated ‘A+’ in the Global Finance Central Banker Report Cards 2023, the central bank said on Friday. Taking to X (former Twitter), RBI said," We are happy to announce that Governor Shaktikanta Das has been rated “A " in the Global Finance Central Banker Report Cards 2023.

By Farah Master, Joyce Zhou and David Kirton

rise in new orders and output pushed manufacturing activity to the second-strongest pace in three years. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index (PMI) rose to 58.6 in August compared with 57.2 in July, according to data released Friday. «Robust and accelerated increases in new orders and production suggest that the sector looks set to provide a strong contribution to second quarter (fiscal) economic growth,” said Pollyanna De Lima, Economics Associate Director, S&P Global Market Intelligence. »The PMI results for India painted a vibrant picture of the nation's manufacturing landscape in August," De Lima further added. India’s economic growth strengthened to a four-quarter high of 7.8% in the first quarter, data released earlier this week showed, as the services sector pushed activity. The growth in manufacturing was less pronounced at 4.7% in Q1FY24, compared with 6.1% in the similar quarter last year. Demand strength pushed the new orders to the fastest pace since January 2021, helped by better export performance. «Not only did new export orders increase for the seventeenth month running halfway through the second fiscal quarter, but also to the greatest extent since November 2022,» the release stated, noting that members reported new work from Bangladesh, China, Malaysia, Singapore, Taiwan and the US. Buying levels rose to the fastest level in nearly 12 years, even as input costs rose faster. The increase in charge inflation, or selling prices, was not as fast as input prices as they tried to retain competitiveness.

Global funds purchased $1.6 billion of Indian shares on a net basis last month through Aug. 30, according to the latest exchange data compiled by Bloomberg.