economic performance

Market summary : SZSE Composite Index rises 0.44% as market closes at 2,041.8909

Taiwan stocks drop nearly 600 points, yet still lead Asian markets

Despite the day’s losses, the FSC remains optimistic about Taiwan's overall market performance for the year. The 27.28% increase underscores the resilience of the Taiwanese economy, which has benefitted from robust exports, particularly in the semiconductor industry. As the global demand for technology and electronics continues to rise, Taiwan has positioned itself as a critical player in the supply chain.

Bank of Japan’s surprise rate hike aimed at stabilizing the yen

The yen's depreciation has had significant implications for Japan's economy, increasing import costs and contributing to rising consumer prices. This has put additional strain on households and businesses, prompting the BOJ to take a more active stance.