Money is pouring into Taiwan
exchange-traded funds as investors scramble for exposure to the
artificial intelligence supply chain, raising analyst and
regulator caution just as a rally in the sector.
Investors Flood Into Taiwan ETFs on AI Boom, Unnerving Some usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Taipei, Aug. 19 (CNA) A former senior official in the Ministry of Labor has been sentenced to nine years in jail for his role in a labor fund scandal in which he manipulated the share price of select stock to allow PJ Asset Management Co. to make more than NT$500 million (US$16.67 million) in profit, the Taipei District Court said Friday.
FSC fines three firms NT$4.5 million each for alleged stock manipulation
By Kao Shih-ching / Staff reporter
The Financial Supervisory Commission (FSC) yesterday fined three asset management firms NT$4.5 million (US$159,909) each for last year buying shares in a company at the direction of a Ministry of Labor official while conducting discretionary trading for the nation’s labor funds.
Fuh Hwa Securities Investment Trust Co (復華投信), Capital Investment Trust Corp (群益投信) and Uni-President Assets Management Corp (統一投信) accepted requests from Yu Nai-wen (游迺文), former head of the Domestic Investment Division of the Bureau of Labor Funds, to purchase Far Eastern Department Store Ltd (遠東百貨) shares, the commission said.