TAIWAN
Top 7 equity mutual funds deliver over 30% CAGR since last Diwali. Have you invested in any?
In the latest analysis by ETMutualFunds, the top seven equity mutual funds have recorded an impressive over 30% CAGR since last Diwali. Leading the pack, the Nippon India Taiwan Equity Fund delivered an astonishing return of approximately 87.36%. Other noteworthy performers included ICICI Pru Strategic Metal and Energy Equity FoF, alongside HSBC Brazil Fund. However, it's important to note that some ICICI Prudential funds faced significant losses.
India valuations hit 6-year low, but stocks still expensive than EM peers
India's equity valuations have reached their lowest levels in six years after a recent market decline. Factors contributing to this decline include foreign selling, a weaker rupee, and rising crude prices. Despite lower valuations, overseas investors remain hesitant to invest in Indian equities due to comparative valuations. The MSCI India Index trades at a premium compared to other emerging markets, influencing foreign investor sentiment.
Government needs to incentivise domestic solar production as China eyes curbs on tech exports: Solex Chairman
The government needs to incentivize domestic production of solar equipment, as China's proposed export restrictions may create supply issues. Chetan Shah, from Solex Energy, emphasized India's limited cell capacity compared to module manufacturing. He proposed extending the ALMM-II framework to support local manufacturers in meeting their demands. Collaborating with other nations could also reduce reliance on Chinese solar equipment.
Amitabh Bachchan, SRK popular in Taiwan; their visit would make 'big news': Ambassador Mumin Chen
Mumin Chen, Taiwan's representative to India, expressed hopes for Bollywood stars visiting Taiwan for filming. Chen noted that both Amitabh Bachchan and Shah Rukh Khan have substantial fan followings in the country. He highlighted the potential for Taiwanese and Indian stars to collaborate on films in beautiful locations. The Taiwan Film Festival aims to present Taiwanese culture to Indian audiences through six showcased films.
Rs 15,800 cr investment expected in MP's semiconductor sector
The government highlighted the state's geographical location, industry-friendly policies, a peaceful industrial environment and a wealth of young talent at the summit, rolling out the red carpet for investors.
Taiwan shuts down as Typhoon Champi approaches
Taiwan is preparing for Typhoon Champi, which may bring heavy rain and strong winds this Friday. Many shops and schools have been closed as people evacuate their homes in anticipation of the storm. The typhoon, previously a super typhoon, has weakened but is still dangerous with high wind speeds. Over 1,100 individuals have been relocated, and military personnel are on standby for assistance.
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Global Market Today: Asian stocks slide after US tech rout
MSCI Inc.’s regional equities benchmark slipped 0.3%, declining for a second day, leaving the gauge hovering around levels last seen in July. Taiwan’s stock exchange will be shut Friday due to a typhoon. Sentiment stayed weak as contracts for the Nasdaq 100 Index fell 0.3% in early Asian trading.
Jensen Huang shares a lesson on networking skills: After multiple failed attempts, Nvidia co-founder's unusual method made TSMC CEO contact him instead
Nvidia co-founder Jensen Huang has revealed how he struggled to contact TSMC founder Morris Chang in the late 1990s when his young company needed a manufacturer for its graphics chips. After repeated phone calls went unanswered, Huang wrote Chang a lengthy letter, eventually receiving an unexpected call that opened the door to a lasting business relationship.
Micron introduces quarterly employee bonus tied to profits
Micron is implementing a new quarterly bonus scheme for its worldwide employees based on company profits. The bonuses will complement existing annual incentive payments and consist of cash and shares. Additionally, retirement contributions in Taiwan will be increased to 10% from the current 8%. Moreover, employees in Taiwan will receive three additional days of paid leave. These changes are a response to union demands for improved profit-sharing.
Ukraine to be able to buy military supplies via NATO agency, FT reports
NATO has announced that Ukraine will be able to procure weapons and military equipment through its procurement agency. This new arrangement aims to provide Ukraine with faster and more cost-effective access to defense supplies. Additionally, NATO offers procurement expertise and support services to enhance Ukraine's military capabilities. The decision follows recent tensions between the United States and Ukraine regarding intelligence sharing.
What's holding up Washington's $14 bn arms sale to Taiwan?
Taiwan has been waiting months for US President Donald Trump to approve a $14 billion sale of weapons and equipment, which the island democracy would use to fend off a potential Chinese attack. - Taiwan is developing a multi-layered air defence system, known as the T-Dome, that it hopes could counter a potential Chinese attack.
Typhoon Champi path: Super storm is the most powerful storm on Earth in 2026 at 296 km/h
Super Typhoon Champi has reached peak winds of 296 km/h, making it the strongest storm of 2026. Champi surpassed Hurricane Polo, which previously held the top wind speed record this year. After passing Guam, the typhoon is expected to weaken as it approaches Taiwan later this week. Weather patterns in Ontario and Quebec will become unsettled due to Champi's influence on the jet stream.
Taiwan regulator blocks Grab's purchase of Foodpanda delivery business in country
Grab, Southeast Asia's biggest ride-hailing and delivery firm, said in March it would pay $600 million in cash for the Foodpanda delivery business in Taiwan, in its first expansion outside the region.
China says it is 'safeguarding order' around Taiwan-controlled South China Sea atoll
China has claimed it has sovereignty over the Pratas Islands, located strategically in the South China Sea. The Chinese coast guard has been patrolling these waters to enforce what it describes as law enforcement. Taiwan has rejected these claims, insisting that only its people can decide their future. Taiwan's officials believe that Beijing's policy towards the island is becoming more aggressive.
US Commission chair warns China Coast Guard patrols East of Taiwan are 'Highly Destabilising'
China has increased its Coast Guard patrols near Taiwan, which raises concerns about regional stability and sovereignty claims. Randall Schriver noted the patrols represent a form of legal and political warfare aimed at Taipei. Taiwanese officials view these activities as preparation for a possible maritime blockade by China. The United States continues to support Taiwan, despite pending arms package approvals related to these tensions.
China sends naval forces to monitor US warship near disputed shoal
China's military has sent forces to track a US warship that entered disputed waters near Sabina Shoal. This area is contested by multiple nations including the Philippines and Vietnam, contributing to regional tensions. The US Navy typically conducts freedom of navigation operations, although their last mission in the area was over a year ago. Recently, a Chinese Coast Guard vessel collided with a Philippine boat in these disputed waters.
Singapore-headquartered tech giant Sea plans IPO for financial services arm, memo says
Singapore-headquartered tech conglomerate Sea Limited is planning a public listing for its financial services arm and will launch an AI enterprise platform business,
Micron workers in Taiwan to strike in push for bigger profit share
Huge global appetite for chips used in AI data centres has sent revenues soaring for firms that design, produce and assemble them but as their earnings skyrocket, workers are demanding a bigger cut of profits.
Chinese patrols to Taiwan's east are 'destabilising', US Congress-appointed official says
US officials highlight the destabilizing nature of China's coast guard patrols near Taiwan's east coast. Randall Schriver notes that such actions extend China's claims and involve legal and information warfare. Joseph Wu asserts that China has no legitimate rights to these waters surrounding the island. Delays are expected in US arms sales to Taiwan as negotiations continue between the leaders of the US and China.
Banking stocks, high oil prices drag Indian markets lower
Across Asia, markets were mixed, with South Korea rebounding 1.8% from last week's losses amid simmering concerns over excessive investments in artificial intelligence (AI). Taiwan fell 0.6%, while Indonesia tumbled 3.6% following a warning from index provider MSCI that it would downgrade the country from the emerging market basket.
Easy exits hurting Indian stocks: Nirmala Sitharaman explains why equities are underperforming
Finance Minister Nirmala Sitharaman says easy liquidity is allowing investors to exit Indian equities as the Nifty and Sensex struggle to deliver positive returns. Foreign investors have pulled out nearly $63.6 billion since October 2024, erasing nine years of inflows, amid rising US yields, a stronger dollar and AI-driven investment shifts.
Taiwan detects 5 PLA aircraft, 6 PLAN vessels operating around island
Taiwan's Ministry of National Defence has reported heightened military activity from China around the island recently. Five Chinese military aircraft, six naval vessels, and nine official ships were detected until early Monday. This follows multiple incursions by Chinese military aircraft and vessels into Taiwan's Air Defence Identification Zone. Taiwanese armed forces have been actively monitoring and responding to these developments as tensions escalate.
IT stocks power Dalal Street rally as global AI trade loses steam
The rally came even as concerns over sticky US inflation and the prospect of further monetary tightening weighed on global markets, triggering a sell-off in technology stocks across Asia, particularly in South Korea and Taiwan.
US Stock Market: What to led to S&P 500, Nasdaq, Dow Jones, Russell 2000 rebound after historic low despite fall of Nvidia stocks, TSMC shares?
US Stock Market today: Nvidia dipped 1.8 per cent after chip manufacturer TSMC struck a cautious note on 2027 despite reporting a sixth consecutive record quarterly profit on robust AI-driven demand.
Global Market: Asian currencies slide as hot US inflation fuels Fed rate hike bets; won hits two-week low
Emerging Asian currencies weakened as hotter-than-expected US inflation revived Federal Reserve rate hike concerns, boosting the dollar and triggering a sell-off in AI-linked stocks. South Korea's won, Taiwan dollar, Philippine peso and Indonesian rupiah came under pressure amid capital outflows and rising borrowing costs.
TSMC Q3 profit jumps 69% to record, beating expectations
TSMC, the world's largest contract chipmaker, posted a 69% jump in third-quarter net profit on Thursday, beating market forecasts and hitting a record, thanks to soaring global demand for its AI processors.
Global Market: TSMC set for sixth straight record quarterly profit on AI chip boom
TSMC is expected to report its sixth consecutive quarter of record earnings, driven by surging AI chip demand and technology investments. Analysts forecast a 65% profit increase, while investors await updated guidance amid interest-rate concerns and expanding global manufacturing plans, including major US investments to strengthen semiconductor production capacity.
Trump says Taiwan agrees to buy 30% of gas from Alaska pipeline
Taiwan has committed to purchasing 30% of the gas from a pipeline project in Alaska. This agreement was discussed during a rally by Donald Trump in Wasilla, Alaska. In a prior deal, CPC Corp of Taiwan had agreed to buy liquefied natural gas from Alaska Gasline Development Corp. Additionally, this investment is intended to bolster Taiwan's energy security.
China sanctions Paraguay, Belize ministers over Taiwan ties
China has announced sanctions against the communications minister of Paraguay and the foreign minister of Belize. These measures are in response to the countries' diplomatic relations with Taiwan, which China claims as its territory. The sanctions restrict entry into Hong Kong and Macau and prohibit financial transactions with Chinese entities. Both countries remain among the few maintaining formal ties with Taiwan, despite China's ongoing pressure.
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