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May 28, 2017

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Taiwan > Business
Taiwan shares rise above 10,000 points on moderate turnover
Shares in Taiwan opened high and closed even higher, remaining above the 10,000-point level on Wednesday, lifted mainly by automobile stocks.
 
Economic globalization was slowing as world economies trended toward protectionist policies, according to Hon Hai Precision Industry Co. Chairman Terry Gou.
 
Shares in Taiwan trended slightly higher and closed above the 10,000-point level Tuesday as the bellwether electronics sector gained ground, helped by interest in iPhone and iPad assembler Hon Hai Precision Industry Co. (鴻海), dealers said.
 
Taiwan's Hon Hai Precision Industry Co. (鴻海), the world's largest contract electronics maker, is planning to build a production site in Bengaluru in southern India, according to the Deccan Herald.
 
Taiwan's industrial production for April registered a slight year-on-year fall, reversing an eight-month gaining streak, at a time when some consumer electronics vendors were in a product-transition period, the Ministry of Economic Affairs (MOEA) said Tuesday.
 
The U.S. dollar rose against the Taiwan dollar Tuesday, gaining NT$0.114 to close at NT$30.166 as traders were motivated by weaknesses in other regional currencies to buy into the U.S. currency, dealers said.
 
An index measuring optimism in Taiwan's stock market hit its highest level in two years in May at a time when the domestic economy seems to be on a path to recovery, Cathay Financial Holding Co. (國泰金) said Tuesday.
 
Taiwan's aviation industry is keen to develop business opportunities in Europe after holding a industry conference in the French city of Toulouse, the Ministry of Economic Affairs (MOEA) said on Tuesday.
 
Taiwan lacks soft skills, cannot depend on AI to start business: Kai-fu Lee
Back in early April, Kai-fu Lee participated in China's "Texas Holdem Against Robots Tournament," in which he created his "Kai-Fu Lee Team" with the slogan of "losing less."
 
As Taiwan dollar strengthens, is it time to drop fixed USD deposits?
With the local currency surging against the greenback, anxious savers have been considering terminating contracts for their fixed U.S. dollar deposits. But experts are advising otherwise.
 
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