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Tuesday, November 4, 2014
The Labor Pension Fund (LPF) secured an annualized return of 5.82 percent for the first eight months this year, boosting its total assets under management (AUM) to around NT$1.21 trillion.
President Ma Ying-jeou (馬英九) said Monday that Taiwan will take the opportunity of attending the Asia Pacific Economic Cooperation forum (APEC, 亞洲太平洋經濟合作會議) Economic Leader's Meeting to demonstrate its resolve to participate in regional trade blocs such as the proposed Trans-Pacific Partnership (TPP, 跨太平洋戰略經濟夥伴關係協議).
Shares in Taiwan moved up 0.1 points, or 0.33 percent, to close at 9,004.86, while the U.S. dollar traded higher by NT$0.001 at NT$30.488 on the Taipei foreign exchange (forex) on Monday.
Position of securities net overbought by foreign investors last week grew a substantial 49 times to NT$42.9 billion, with AU Optronics Corp. (AUO) reporting the highest position of nearly 184 million shares.
Gov't to keep seeking presidential representation at APEC: envoy
Taiwan will keep trying to send its president to future Asia Pacific Economic Cooperation (APEC, 亞洲太平洋經濟合作會議) Leader's Meetings, a move which breaks with the precedent of sending a designated envoy instead, according to this year's representative to the annual summit.
Global stocks were mostly lower Monday after unexpected weakness in Chinese manufacturing tempered enthusiasm for Japan's surprise central bank stimulus.
The U.S. dollar traded near a seven-year high against the yen Monday after Japan's surprise decision to widen its stimulus and speculation that U.S. interest rates could be raised sooner rather than later.
Oil prices fell in Asia Monday as dealers focused on a slew of global manufacturing data for clues about demand growth, while a strong dollar weighed on market sentiment, analysts said.
Saturday, November 1, 2014
Japan's stock benchmark surged 5 percent to the highest level since late 2007 and the yen slid against the dollar Friday after the Bank of Japan unexpectedly announced new stimulus to boost a flagging economy.
The yen plunged to a near seven-year low in Asia on Friday after the Bank of Japan (BOJ) said it would expand its already vast asset-purchasing program in a bid to kick-start the economy.
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