The TAIEX rose yesterday as about six stocks gained for every five that fell. The NT dollar slid 0.5 percent to NT$33.299 against the US currency, its biggest slide in more than four months. The TAIEX rose 0.35 point to 6,665.89. TAIEX Futures for February delivery added 0.1 percent to 6,703.
Taishin Financial Holdings Co (台新金控) gained after its Taishin International Bank (台新銀行) unit said it plans to sell about NT$4.5 billion (US$136 million) of bonds backed by mortgage loans to local investors. Taiwan Semiconductor Manu-facturing Co (TSMC, 台積電) led declines amid concern that some overseas investors are selling Taiwanese assets due to a decline by the local currency against the dollar.
Taishin Financial rose 0.3 percent to NT$29.20. It said after the market closed on Friday that the sale by its banking unit would enable it to better manage its balance sheet.
TSMC, which is about 54-percent-owned by foreign investors, fell 1.6 percent to NT$62.50. AU Optronics Corp (
Companies with high a level of foreign holdings, like TSMC, faced selling as some investors unloaded Taiwanese assets due to the decline of the local currency, said Tracy Chen, a fund manager at Prudential Securities Investment (
China Development Financial Holding Corp (中華開發金控), the nation's sixth biggest financial holding company, ended unchanged at NT$18.40, after rising as much as 3.3 percent, despite news reports that chairwoman Diana Chen (陳敏薰) may lose her position after the Ministry of Finance re-allocated board seats according to shareholdings.
HSBC Holdings PLC is deepening its commitment to Taiwan as the economy emerges as one of the bank’s fastest-growing markets globally, driven by an artificial intelligence (AI) investment boom, expanding cross-border trade, and rising wealth creation. “The advantage that Taiwan has is a growth story linked to the semiconductor and broader AI industries, strong underlying corporate performance, and wealth creation,” said Surendra Rosha, HSBC’s co-chief executive for Asia and the Middle East, in an exclusive interview with the Taipei Times on June 2, during this year’s HSBC Taiwan Conference. That combination has helped HSBC cement its position as the most profitable international
The New Taiwan dollar yesterday fell sharply against the US dollar to close at its lowest level since May 22 amid a massive outflow of funds from the country because of investors panicking over global equity markets. The NT dollar ended at NT$31.580 against the US dollar, slightly lower than its close of NT$31.568 on May 22, after moving between NT$31.5 and NT$31.648 on combined turnover of US$3.062 billion on the Taipei Foreign Exchange and the Cosmos Foreign Exchange. The NT dollar received a significant hit in the morning session, slumping as much as NT$0.173 at a time when other Asian currencies
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is now ranked ninth among the world’s 100 most valuable companies after its market capitalization more than doubled over the past year, PricewaterhouseCoopers (PwC) Taiwan said in a report last month. TSMC’s market capitalization surged 101 percent year-on-year to US$1.427 trillion as of March 31, the accounting and consulting firm’s 2026 Global Top 100 Companies by Market Capitalization report said. The gain catapulted the world’s largest contract chipmaker from 12th place to ninth in the rankings, and it was the fastest-growing among the global top 10, it said. TSMC was the only Taiwanese company among the top
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday reported record revenue of NT$416.975 billion (US$13.17 billion) for last month, putting the world’s largest contract chipmaker on track to set a record for quarterly revenue. Last month’s figure surpassed March’s record NT$415.19 billion and represented increases of 1.5 percent from April and 30.1 percent from a year earlier. For the first five months of the year, TSMC generated NT$1.96 trillion in revenue, up 30 percent year-on-year, it said in a statement. TSMC has forecast second-quarter revenue of between US$39 billion and US$40.2 billion, representing sequential growth of about 10 percent and year-on-year growth of about
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