U.S. businesses call for better supply chains with Taiwan
02/05/2021 04:50 PM
Minister of Economic Affairs Wang Mei-hua. CNA photo Feb. 5, 2021
Taipei, Feb. 5 (CNA) U.S. business representatives on Friday called for a more institutionalized partnership with Taiwan during discussions on enhancing supply chain cooperation and development goals in the semiconductor industry, according to Minister of Economic Affairs Wang Mei-hua (王美花).
Industry leaders in the U.S. suggested that Washington should consider re-entry to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), as well as help countries like Taiwan and South Korea to be included, Wang said.
In addition, a free trade agreement between Taiwan and the U.S. would improve bilateral cooperation, Wang said after a meeting attended by more than 100 government officials and company representatives from Taiwan and the U.S.
Taiwan shares end up in last session of Year of the Rat
02/05/2021 06:35 PM
CNA photo Feb. 5, 2021
Taipei, Feb. 5 (CNA) Shares in Taiwan closed higher on Friday, the last trading session in the Year of the Rat, as the bellwether electronics sector continued to lead the broader market, dealers said.
During the Year of the Rat, the local main board jumped more than 30 percent despite the economic impact of COVID-19, as contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), the most heavily weighted stock, soared about 90 percent in the year, dealers added.
On Friday, the weighted index on the Taiwan Stock Exchange (TWSE) or the Taiex ended up 96.18 points, or 0.61 percent, at 15,802.40, after moving between 15,774.34 and 15,938.09, on turnover of NT$280.41 billion (US$10.03 billion).
Taiwan shares end slightly higher after giving up earlier gains
02/03/2021 04:54 PM
CNA file photo
Taipei, Feb. 3 (CNA) Shares in Taiwan closed slightly higher Wednesday as investors locked in their earlier gains ahead of the upcoming long Lunar New Year holiday, dealers said.
As the bellwether electronics sector took a pause after a strong showing in the past two trading sessions, buying rotated to select old economy and financial stocks, preventing the broader market from falling into negative territory by the end of the session, they said.
The weighted index on the Taiwan Stock Exchange (TWSE), or the Taiex ended up 11.27 points, or 0.07 percent, at 15,771.32, after moving between 15,741.16 and 15,896.40, on turnover of NT$275.78 billion (US$9.86 billion).
Taiwan shares soar to end above 15,700 points
02/02/2021 05:13 PM
CNA photo Feb. 2, 2021
Taipei, Feb. 2 (CNA) Shares in Taiwan extended their momentum from a session earlier on Tuesday, moving sharply higher by more than 300 points to close above the 15,700-point level, dealers said.
Market attention focused on the bellwether electronics sector, as investors were encouraged by a strong showing in the tech-heavy Nasdaq index overnight and rushed to pick up integrated circuit stocks, in particular contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), the dealers said.
The weighted index on the Taiwan Stock Exchange (TWSE), or Taiex, ended up 349.96 points, or 2.27 percent, at 15,760.05, after moving between 15,546.69 and 15,838.15, on turnover of NT$306.73 billion (US$10.96 billion).
Taiwanese firms join global players in participating in the ESG revolution
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TAIPEI, Feb. 2, 2021 /PRNewswire/ Environmental, Social and Governance (ESG) investing is a form of responsible investing that has become a new and revolutionary trend in recent years. As more attention is drawn to ESG investing, investments with a strong ESG profile are becoming standard components of both funds and ETFs, while sustainability is being seen the most important factor of consideration in the capital markets of the future.
Taiwanese firms unite to issue a declaration that recognizes the value of ESG development goals (PRNewsfoto/Business Today Magazine)