Taipei, Sept. 20 (CNA) Shares in Taiwan staged a technical rebound Tuesday as contract chipmaker Taiwan Semiconductor Manufacturing Co. bounced back from earlier weakness on the back of gains posted on the United States markets overnight, dealers said.
Taipei, Aug. 26 (CNA) Shares in Taiwan closed higher on Friday but gains were capped as investors locked in their earlier profits ahead of a speech set to be made by U.S. Federal Reserve Chair Jerome Powell later in the day, dealers said.
Taipei, June 29 (CNA) Shares in Taiwan took a beating, plunging by almost 200 points Wednesday, as investors took cues from heavy losses suffered by the U.S. markets in the wake of weaker than expected economic data, dealers said.
Formosa International Hotels Corp (晶華國際酒店集團) yesterday pressed the government to reinstall a wage subsidy for the hospitality industry, which has seen business slump by 50 percent amid spreading COVID-19 infections.
The industry could fare even worse as more Taiwanese vacation abroad following shortened quarantine periods, which would nevertheless continue to keep foreign tourists away, Formosa International Hotels chairman Steven Pan (潘思亮) told a shareholders’ meeting.
“The industry is in need of quick relief, instead of stimulus measures slated for next month,” Pan said, questioning the wisdom of the government’s plan to spend NT$5.5 billion (US$185.14 million) shoring up domestic travel, starting on
Taipei, June 10 (CNA) Shares in Taiwan moved sharply lower Friday, as investors remained jittery ahead of the release of U.S. consumer price index (CPI) data later in the day.