Taiwan proposed on Thursday extra defence spending of T$240 billion ($8.69 billion) over the next five years, including on new missiles, as it warned of an urgent need to upgrade weapons in the face of a "severe threat" from giant neighbour China.
Taiwan's export orders grew more than expected in July and the government said the outlook for the island's tech goods remains strong on demand for high-end chips, though it warned the spread of COVID-19 variants may further disrupt global supply chains.
Taiwan is set on Thursday to extend a tax break for day trading on the stock market for another three years, a person familiar with the matter told Reuters, as it looks to support the bourse.
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Major Taiwanese chip packager King Yuan Electronics said on Friday it will halt production on the island for two days after several employees contracted COVID-19, the first time the pandemic has hit the global chip hub, as case numbers climb.