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Stocks rallied in Taipei yesterday after authorities pledged to prop up domestic shares for the first time since the early days of the COVID-19 pandemic in 2020. The TAIEX closed 2.68 percent higher at 14,324.68 points, the biggest jump in nearly four months. All but one of the 28 sub-gauges of the benchmark index rose. Chip giant Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), which accounts for more than one-quarter of the index’s weighting, jumped 4.67 percent. Turnover was NT$221.468 billion (US$7.42 billion) on the main board, compared with NT$199.669 billion on Tuesday, Taiwan Stock Exchange data showed. The NT$500 billion National ....
SINGAPORE/BEIJING (June 20): As gasoline prices soar and the US considers invoking Cold War-era laws to boost production, there’s a massive pool of oil refining capacity on the other side of the Pacific Ocean that’s sitting idle. ....
Investors have shunned equities and many commodities after Federal Reserve officials reaffirmed much tighter monetary policy lies ahead to cool an overheating economy and tame inflation. ....