EQUITIES
<strong>Foreigners sell more shares</strong>
Foreign investors last week sold a net NT$107.81 billion (US$3.63 million) in local shares after selling a net NT$41.45 billion a week earlier, the Taiwan Stock Exchange said in a statement yesterday. As of Friday, foreign investors had sold NT$890.04 billion in local shares since the beginning of the year, the exchange said. The top three shares sold by foreign investors last week were United Microelectronics Corp (聯電), Yuanta Financial Holding Co (元大金控) and Taiwan Semiconductor Manufacturing Co (台積電), while the top three shares bought by foreign investors were Innolux Corp (群創光電), CTBC Financial Holding Co (中信金控)
Taiwan Business TOPICS
represent the future of mobility.
Imagine pedestrians walking down spacious sidewalks in Taipei, free of motorbikes. The only sounds heard are from their conversations, the whir of electric vehicles, and the chirping of birds. Cars and public transport are self-driving, but for the “last mile” you can either rent an e-scooter with a swipe of a card or – if it’s a nice day and you have the time – take a healthy walk in the fresh air.
This vision is the future of smart urban transport that a handful of Taiwanese companies are promoting by capitalizing on two major trends: electric scooters and the sharing economy. By leveraging new technology, connected products, and smart services, they hope to convince consumers of the benefits of giving up ownership of gasoline-powered cars and motorbikes.