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Bringing Taiwan to the World and the World to Taiwan

Bringing Taiwan to the World and the World to Taiwan

Bringing Taiwan to the World and the World to Taiwan

Global index provider MSCI Inc yesterday cut Taiwan’s weighting in two indices, but raised the weighting in another after a semi-annual review, Taiwan Stock Exchange data showed. MSCI lowered Taiwan’s weighting in the MSCI Emerging Markets Index, which is closely watched by foreign institutional investors, by 0.11 percentage points to 15.56 percent, the exchange said. That revised weighting is still higher than a range of 11.46 percent to 14.21 percent over the past three years, it said. MSCI also lowered Taiwan’s weighting in the MSCI All-Country Asia ex-Japan Index to 17.9 percent from...

Pneumatic components supplier Airtac International Group (亞德客) on Friday reported consolidated revenue of NT$2.26 billion (US$76.2 million) for last month, down 20.2 percent from a month earlier due to fewer working days and China’s COVID-19 pandemic restrictions. Last month’s revenue was down 6.67 percent year-on-year, as strict pandemic measures prevented the company from delivering products to clients in a timely or efficient manner, Airtac said in a regulatory filing. “However, the company believes that such adverse effects are short-term phenomena, and demand is only deferred ...