Shares in Taiwan closed slightly higher Monday as contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC) climbed out of its earlier weakness to vault the broader market back into positive territory, dealers said.
Riding the wave of booming emerging technologies, in particular artificial intelligence development, Taiwan's export orders for April rose more than 10 percent, beating an earlier Ministry of Economic Affairs (MOEA) estimate, the ministry said Monday.
The production value of Taiwan's manufacturing sector returned to a growth pattern, rising more than 4 percent from a year earlier in the first quarter of this year due to solid demand for emerging technologies, according to the Ministry of Economic Affairs (MOEA).
The ratio of the Bank of Taiwan's exposure to China over its net worth has fallen sharply to the current 3.42 percent as the bank has been keen to reduce its reliance on the Chinese market, according to the bank.
Despite summer being peak travel season, the costs of local group tours to Japan are expected to fall about 10 percent from a year earlier largely due to cheaper air tickets, according to the Travel Quality Assurance Association (TQAA).