Taiwan

The Asian stock market experienced a volatile session Thursday, as concerns over the future of artificial intelligence leader Nvidia’s China business hit regional suppliers while sparking gains for its Chinese competitors. The MSCI broadest Asia-Pacific index outside Japan fluctuated between gains and losses. It was last down by 0.4% as U.S. Equity Futures were pulled lower by a 3.1% drop in the shares of the chip manufacturer, which is now the most valuable company in the world. Charu Chanana is the chief investment strategist for Saxo, a Singapore-based brokerage firm. She added that "we should expect some spillover" even though...

The U.S. Dollar recovered on Wednesday, despite investors' concerns about attacks on the independence of the Federal Reserve. European shares also edged up after a sharp decline the previous day, and now the focus is on earnings from AI leader Nvidia. Concerns about the independence of the U.S. Federal Reserve grew after a lawyer representing Fed Governor Lisa Cook announced that she would sue President Donald Trump for his decision to dismiss her on Monday. The dollar recovered from its previous session's drop and was 0.3% higher against a basket currency at 1210 GMT. Justin Onuekwusi is chief investment officer...

Wall Street also opened lower on Thursday as traders avoided big moves in anticipation of the three-day Jackson Hole Symposium, which is being held by the Federal Reserve. Jackson Hole begins on Thursday, and traders will be watching for clues about a possible September rate cut. Stocks held near their recent highs in Asian trading and Australia's benchmark reached a new record. The European session was a struggle for the markets to gain ground. People are slouching. "You have two big unknowns in the near future, Jackson Hole tomorrow, and the Fed on September," said Tim Graf. He is head...

Early trading on Thursday saw European stock markets fall slightly, just below their recent highs. Traders avoided big moves, instead waiting for the three-day annual Jackson Hole Symposium of the Federal Reserve. Jackson Hole begins on Thursday, and traders will be watching for clues about the possibility of a rate cut in September. Fed Chair Jerome Powell is expected to speak on Friday. People are sitting around. "You have two big unknowns in the near future, Jackson Hole tomorrow, and the Fed on September," said Tim Graf. He is head of macro strategy at State Street Markets for EMEA. He...

Investors were preparing for three days worth of market-moving information from the Federal Reserve annual symposium at Jackson Hole. The event will begin later that day. The main focus of the traders is on Fed Chairman Jerome Powell’s Friday speech as they try to gauge whether a rate cut in September could be imminent. The underlying momentum of equities remained strong, with Australia's benchmark index rising 0.9% and hitting a new record. Other indexes have lost some ground, but are still not too far off their recent highs. The Nikkei index, which reached an all-time high on Tuesday in Japan,...

Investors awaited Donald Trump's meeting with Vladimir Putin in Alaska to discuss Ukraine and U.S. Retail data, which could provide clues about the health of the largest economy on earth. Early trading in Europe saw the MSCI All Country World Index consolidate recent gains. The MSCI All Country World Index was up by 0.2% last at 953.54, which is just below the record of 954.21 that was set on Wednesday. Wall Street Futures are broadly flat. The White House announced that the Trump-Putin summit will be held at 11:00 Alaska time (1900 GMT), despite the uncertainty surrounding the U.S. President's...

Investors paused the global stock rally on Thursday as they awaited the release of data from the U.S. Producer Prices later that day, which may reveal how tariffs impact inflation trends. MSCI's global stock index flattened, after reaching all-time highs for the previous two sessions. An equivalent measure of Asian stocks outside Japan was near its highest level since September 2021. Futures markets indicated that Wall Street stocks would have a quiet start after leading global shares to record highs all week. They also hit records on both Tuesday and Wednesday. The global rally is fueled by the strong U.S....

The U.S. Dollar was under pressure Thursday, as traders bet that the Federal Reserve would resume lowering interest rates in January. Bitcoin reached a new record high while regional stocks saw a pause from their explosive rally. MSCI's index of Asian stocks excluding Japan remained near its highest level since September 2021. It took cues from Wall Street where the S&P 500 Index and Nasdaq Index hit new closing highs on the second consecutive day. On Wednesday, the MSCI All Country World Index reached a new record for the second consecutive session. Japan's Nikkei index fell following a six-day rally...

The global equities market rose on Friday, as investors held on to the belief that U.S. rates could fall even further this year. European shares posted their largest weekly gain in twelve weeks due to a strong performance by banking stocks. U.S. Gold Futures reached a record-high due to uncertainty about whether U.S. Import Tariffs will apply to the most common sizes of gold bars. Investors were looking for signs of an upcoming ceasefire between Russia and Ukraine after hearing that the United States was working with Russia to end the conflict in Ukraine. The expectation of a possible truce...

Global shares rose Friday, as investors held on to the belief that U.S. rates could fall even further this year. U.S. Gold futures also hit a new record high due to uncertainty about whether U.S. import duties would be applied to the most common sizes of gold bar. Reportage The news that the U.S. is planning a truce with Russia sent global benchmark oil prices to a new session low of $1 per barrel. The economic outlook was impacted by tariffs, which added pressure to crude. Dollar was headed for a loss of 1% per week after U.S. president Donald...

Gold futures rose after a report that U.S. imports were subject to duties. The world stock index traded at record highs, despite overnight weakness on Wall Street. In Europe, the shares were boosted by a string of strong earnings, as well as optimism about a possible negotiation of the U.S. tariffs which went into effect on Thursday. A series of changes in the Federal Reserve has made the outlook for the United States' monetary policy, which is a key component of global markets, even more uncertain. Policymakers at the Federal Reserve are divided over the impact of inflation, and the...

Asian markets recovered unevenly on Friday. Japan's largest stock index hit a new record high, boosted by strong corporate earnings. Tariffs on goods imported from the country The declines in Hong Kong, South Korea, and Australia were a sign of fragile investor confidence following the Wall Street retreat, as traders assessed the impact that the appointments at the U.S. Federal Reserve would have on the policy direction. The Nikkei index rose by 2%, while the Topix index gained more than 1%. Both reached new records and traded above 3,000 dollars for the first. SoftBank Group shares rose as high as...

Kevin Hassett, White House economist and CNBC interviewee on Monday, said that the federal government could invest in other U.S. companies involved in semiconductors or even other industries. Hassett asked if this deal with Intel was part of a bigger effort by the U.S. Government to acquire equity stakes in industries it supports. He also said that there may be other transactions similar. The National Economic Council Director told CNBC, "I believe this is a special circumstance due to the huge amount of CHIPS Act expenditures that Intel was receiving." "But, the president made it very clear from the beginning...

The Wall Street Journal, citing an official, reported that the Trump administration was considering taking equity stakes into companies receiving funding from the 2022 CHIPS Act, but had no plans to take shares in larger semiconductor firms who are increasing their U.S. investment. This follows remarks made by U.S. Secretary of Commerce Howard Lutnick on Tuesday, who said that the government continues to explore the possibility of acquiring a 10% stake at troubled chipmaker Intel. The official informed the Journal that the administration did not plan to acquire equity stakes in firms like TSMC which are increasing their investment. The...

Japanese steel lobby groups have demanded early measures to stop the evasion and avoidance of anti-dumping duties aimed at protecting the domestic industry from unfair imports. This move coincides with record steel exports by China, the largest producer in the world, which have sparked protectionist reactions around the globe. Since January of last year, almost 40 countries have launched anti-dumping investigations. The Japan Iron and Steel Federation and other four industry groups have said that swift action is required as countries like China try to avoid antidumping tariffs by routing their exports through a third country or performing minimal processing...

The Ministry of Economy, Trade and Industry of Japan announced on Wednesday that it has opened an anti-dumping probe into hot-dip-galvanized steel imported from China and South Korea. The investigation follows a petition filed on April 28 by Nippon Steel (Kobe Steel) and other domestic manufacturers claiming that weaker demand at home and the shift to cheaper imports forced them to reduce prices. In construction, hot-dip galvanized metal is used for metals that are exposed to the weather. METI stated that Hong Kong and Macau are excluded from the investigation. Japan began its investigation of nickel-based cold-rolled stainless steel sheets...

Donald Trump, the president of the United States, increased tariffs on Indian goods by 25% this week. He cited New Delhi's continued purchases of Russian oil. The new import tax will take effect 21 days after the 7th of August and raise duties on certain Indian goods up to 50%. This is among the highest tariffs imposed on U.S. trading partners. Some sectors, such as smartphones, pharmaceuticals, and energy, are exempted from reciprocal tariffs. However, others, like gems, jewellery, textiles, and auto components that make up the bulk of Indian exports into the U.S. will be hit. Here are the...

The Japanese trade and finance ministry announced on Tuesday that it has opened an investigation into the anti-dumping of nickel-based stainless steel cold-rolled sheets and strips imported to Japan from China and Taiwan. This move comes after a petition was filed by Nippon Steel, and other domestic producers, on May 12. They claim that they were forced to lower their prices because of a weakening demand in the domestic market, with buyers shifting to cheaper imports. The Ministry of Economy, Trade and Industry and Ministry of Finance intend to finish the investigation in a year and then decide if anti-dumping...

The U.S. and China trade deal has been "done", U.S. president Donald Trump announced on Wednesday. Hours earlier, Washington and Beijing had agreed on a framework for resuming a fragile truce in trade and removing Chinese export restrictions of rare earth minerals and critical industrial components. Trump used his social media platform on Monday to share some of the details that emerged from the marathon two-day talks that took place in London. According to U.S. Secretary of Commerce Howard Lutnick's words, the talks had "put meat on the bones" for an agreement that was reached in Geneva last month to...

Iron ore futures fell on Thursday as the focus returned to a softening of steel consumption during China's off peak demand season. The daytime trading price of the most traded September iron ore contract at China's Dalian Commodity Exchange was 701 yuan (US$97.60). As of 0701 GMT, the benchmark July iron ore traded on Singapore Exchange fell 0.8% to $94.7 per ton. Analysts at Galaxy Futures stated that prices of the main steelmaking ingredient will fluctuate due to the seasonal weakness in demand. The iron ore market is not changing fundamentally. "The upward momentum caused by the coal price rally...

Iron ore futures fell on Thursday as the focus returned to a softening of steel consumption during China's off peak demand season. As of 0238 GMT, the most traded September iron ore contract at China's Dalian Commodity Exchange was trading 0.14% lower. It was 701 yuan (US$97.61) per metric ton. As of 0228 GMT, the benchmark July Iron Ore traded on Singapore Exchange fell by 0.69% to $94.8 per ton. Galaxy Futures analysts said that due to the lack of driving forces, the price of the main steelmaking ingredient is expected to fluctuate despite the seasonal weak demand. The iron...

U.S. Treasury Sec. Bessent believes that President Donald Trump will be speaking with Chinese President Xi Jinping soon about trade issues, including a dispute regarding critical minerals. Donald Trump accused China on Friday of violating a bilateral agreement to reduce tariffs and trade barriers for vital minerals. "What China does is that they hold back products which are essential to the industrial supply chain of India and Europe." Bessent told CBS' "Face the Nation" on Sunday that this is not the behavior of a reliable partner. "I'm confident that President Trump and Party Chairperson Xi will have a conversation, which...

Since returning to office in January, Donald Trump has issued numerous tariff threats. These range from a duty on all imports to a targeted tariff on certain sectors or countries. Trump's threats changed over time. This left other nations and business unclear as to what was next. It also created uncertainty for consumers and triggered a recent stock-market selloff. Here's a summary of Trump’s threats and actions in relation to trade. BROAD TARIFFS Trump's vision is based on a gradual roll-out of tariffs that will apply to all U.S. imported goods. Last month, Trump asked his team of economists to...

As major producers around the world prepare for Wednesday's increased tariffs, two major South Korean steelmakers have been evaluating their options to invest in new facilities. They said that the options included investing in operations in the U.S. The U.S. President Donald Trump’s decision to increase protection for American producers of steel and aluminum restores global tariffs that are effective at 25% on all metal imports. It also extends these duties to hundreds downstream products, such as nuts and bolts, bulldozers blades and cans. Canada, the largest foreign supplier of aluminium and steel to the U.S.A., Brazil, Mexico, and South...