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Recent data indicates that foreign direct investment (FDI) in Taiwan has been on the rise, driven by the country’s strategic position in the global supply chain, particularly in the technology and semiconductor sectors. This influx has bolstered demand for the NTD, contributing to its appreciation against major currencies.
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.
The Biden administration has underscored its commitment to reinforcing alliances, notably through recent agreements with key partners such as Japan, South Korea, and Australia, as well as strengthening ties with NATO allies.
Scheduled for review in September, the minimum wage adjustment has become a focal point of national debate.