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March 28, 2017

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Business > Global Markets
Local bourse 'likely' to break 10,000 points
The weighted index on the Taiwan Stock Exchange will very likely soar past the 10,000-point mark sometime in the first half of the year, bolstered by the growth momentum of international equity funds flowing into the market amid the weakening of the greenback, according to market observers.
 
Jobs data drive Wall St. record
World stock markets diverged on Monday as investors tracked a record on Wall Street fueled by a better-than-expected jump in U.S. jobs.
 
Demand for gold rose in 2016 to a three-year high, aided by keen investment appetite for the precious metal, the World Gold Council said Friday in a report.
 
Europe stocks diverge, Asia markets down
European stock markets diverged and Asia's leading indices closed lower Thursday as investors digested the Federal Reserve's latest outlook and a raft of corporate earnings reports.
 
Retailers, trade groups increase fight against tax proposal
More than 100 retailers including Wal-Mart and Target as well as key trade associations are launching a new coalition aimed at fighting a Republican proposal on how imports get taxed, a measure they believe would harm their businesses.
 
Year of the Monkey gives Taiwan dollar an unusual boost
The Taiwan dollar rose nearly 7 percent during the Year of the Monkey that ended Friday, the first lunar year during which the Taiwan dollar appreciated since the Year of the Dragon from 2012 to 2013.
 
The global rally in stocks pushed into another day, with Tokyo leading a surge in Asian markets Thursday following another record close on Wall Street that saw the Dow hit a historic milestone.
 
Stock markets climb as Trump fears ease
Asian and European markets pushed higher Wednesday, tracking a record close on Wall Street as investor concerns eased over Donald Trump's lack of domestic policies.
 
Investors in the local main board raked in about NT$420,000 (US$13,384) in profit on average in the year of the monkey after the market closed Tuesday, the last trading session of the year on the lunar calendar, statistics show.
 
The U.S. dollar fell against the Taiwan dollar on Tuesday, shedding NT$0.049 to close at NT$31.382, as foreign investors continued to move funds into the region, dealers said.
 
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