Shares in Taiwan closed slightly higher Wednesday as buying late in the session propped up select large-cap electronics stocks to help the broader market reverse earlier losses, dealers said.
The Taiwan Stock Exchange's main index continued a winning streak Tuesday, gaining 0.21 percent after hitting a 36-month high of 9,036.12 a day earlier.
Taiwanese providers of solar photovoltaic (PV) modules may stand to benefit as the Australian government launches an anti-dumping investigation into finished and semi-finished Chinese PV imports.
A Taiwanese business association in Vietnam recently expressed its displeasure with the anti-China riots in the Southeast Asian country last week that affected many Taiwan businesses operating there.
Singapore's economy grew 2.3 percent in the first quarter, roundly beating the initial estimate, the trade ministry said Tuesday, with a strong manufacturing sector expected to underpin further growth this year.
In an effort to expand Taiwan's international bonds market, the Taiwan Depository & Clearing Co. (TDCC, 集保中心) held an account opening signing ceremony yesterday with Clearstream, an international clearing Europe-based counterpart.
Singapore consumers love their low-priced China smartphones.
Singapore's economic growth slowed sharply in the first three months of the year, data showed Monday, but the central bank stood pat on monetary policy, saying it would be lifted by a pick-up in global growth.
The local market is turning its back on negative non-economic factors and investors are shifting their attention back to fundamentals after protesting students announced an end to their occupation of the Legislative Yuan's main chamber, a top finance official said Wednesday.
Encouraged by the Philippine economy's robust growth, Singaporean companies are now keen on tapping investment opportunities in the country's agriculture, retail and infrastructure industries.