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May, 4, 2016

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Business > Asia > Taiwan
Shares in Taiwan slid Tuesday for the third straight session, falling 1 percent to end below 8,300 points after the three-day Labor Day holiday as investors stayed on the sidelines amid weak global markets, dealers said.
 
The Financial Supervisory Commission (FSC,金融監督管理委員會) will finalize its policy allowing female mainland Chinese investors to purchase stock-based funds in Taiwan, as well as its plan to approve the use of the Apple Pay system in Taiwan, before the changeover of government on May 20, a top financial official said on Monday.
 
Taiwan's purchasing managers index (PMI) for manufacturing activity edged lower in April, indicating continued weakness in the sector, the Chung-Hua Institution for Economic Research (CIER) said Tuesday.
 
Siemens is paving the way toward industrial digitalization.
 
Foreign institutional investors in Taiwan recorded a net fund inflow for the third consecutive month in April, registering US$1.75 billion, according to statistics released Thursday by the Financial Supervisory Commission (FSC).
 
Yuanta Securities Investment Trust Co. (元大投信), a subsidiary of Yuanta Financial Holding Co. (元大金), is looking to issue exchange-traded funds (ETFs) linked to the Korea Stock Exchange Index 200 (KOSPI 200).
 
South Korea's leading low-cost airline Jeju Air launched daily flights connecting Incheon International Airport and Taiwan Taoyuan International Airport on Sunday, in a bid to attract more Taiwanese passengers and boost the country's tourism.
 
As economic contraction continues, Taiwan is unlikely to achieve 1-percent GDP growth this year, and even risks recording negative growth, Premier-designate Lin Chuan (林全) said on Sunday.
 
A European brokerage has lowered its target for the Taiwan Stock Exchange Capitalization Weighted Stock Index (TAIEX) on the main board for 2016 to 8,800 points from the previous 9,000 points, citing concerns over listed companies' profitability.
 
The Taiwan Institute of Economic Research (TIER), one of the country's leading think tanks, said Thursday that as economic fundamentals remain weak, an index that gauges manufacturing activity flashed a blue light for the 12th consecutive month in March.
 
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