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September, 26, 2016

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Taiwan > Business
Taiwan Stock Exchange Co. (TWSE,台灣證券交易所) announced yesterday that the securities net overbought position by foreign investors was NT$11.51 billion during the week of Sept. 5-Sept. 10. This represented the difference between NT$121.36 billion securities bought and NT$109.85 billion securities sold.
 
Shares of Largan Precision Co. (大立光) took a beating in the morning session Monday, extending losses from Saturday, after an Asian brokerage lowered a target price on the stock and urged investors to cut their holdings in the Taiwanese smartphone camera lens supplier, dealers said.
 
Taiwan Stock Exchange Co. (TWSE) indicated that Chien Shing Stainless Steel Co., Ltd. (Company Code: 2025) withdrew its application for re-organization, which took effect upon notice by the court on file and which had satisfied the requirements listed among Subparagraph 6, Paragraph 2, Article 49 and Subparagraph 1, Paragraph 2, Article 49-2 of the Operating Rules of the Taiwan Stock Exchange Corporation.
 
Taiwanese businesspeople based in the Philippines said Sunday they support Taiwan government's "New Southbound Policy," which is aimed at improving trade and investment ties with Southeast and South Asian countries.
 
Challenging the change!
Due to an international call for green energy development and a push from the Taiwan government, offshore wind energy business are a hot commodity in the Taiwan market.
 
Representatives from more than 300 companies listed on the local main board attended a series of seminars recently to express their opinions about the local capital market and the country's industrial development, according to the Taiwan Stock Exchange (TWSE), which hosted the forums.
 
Around 800 people were interviewed Sunday for flight attendant jobs with Tigerair Taiwan, a budget airline that is a joint venture between Tigerair Singapore and Taiwan's China Airlines (CAL).
 
Thanks to sluggish demand in many parts of the world, Taiwan's export-oriented economy is expected to grow by only 1-percent in 2016, The Australia and New Zealand Banking Group (ANZ) said Thursday.
 
CTBC Financial Holding Co., Ltd. (中國信託金融控股公司) has been selected as one of the constituent stocks of the 2016 DJSI Emerging Markets Index for the first time.
 
Economics Minister Lee Chih-kung said Wednesday that the local integrated circuit business is expected to continue to lead the growth of Taiwan's industrial sector.
 
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