Reported 12 months ago
Several analysts noted a lackluster performance by President Biden in the first debate of the 2024 U.S. presidential election, causing concern among American allies and prompting preparation for a potential return of former President Trump to the White House. Despite Trump's usual bizarre remarks, Biden's weakness stood out, leaving some wondering if he is adequately prepared for a second term as leader of the U.S. nuclear power. Foreign diplomats and officials, speaking anonymously, expressed disappointment in Biden's performance and doubted both Biden and Trump's capability to be President. The debate, occurring just two weeks before a NATO summit in Washington D.C., was meant to showcase Biden's leadership on the global stage, but his lackluster showing may have undermined that goal.
Source: YAHOO
Reported 12 months ago
In the first debate of the 2024 US election, President Biden and opponent Trump competed to show who was tougher on foreign policy, mentioning Russian President Putin more than ten times. The discussion mainly focused on ending the conflict between Russia and Ukraine, US support for NATO, and whether European countries are contributing enough to combat Russian aggression. Biden promoted his ceasefire plan for Israel's conflict in Gaza, claiming the US is the biggest supporter of Israel. Trump argued that if he were president, Hamas militants would not have invaded Israel, criticizing Biden's approach. Putin himself stated earlier this month that the US election outcome wouldn't matter to Russia and they would work with any president elected by the American people.
Source: YAHOO
Reported 12 months ago
Nobel laureate Paul Krugman wrote in a New York Times column on June 28 that despite President Biden's outstanding performance during his term, the current situation calls for him to step aside, with Krugman emphasizing the need for Biden to resign 'actively.' Krugman believes Vice President Kamala Harris would be a suitable successor, highlighting her effective promotion of Biden's policies. Krugman acknowledges the reluctance in seeing Biden in his current state but urges him to do the right thing amidst increasing calls for his withdrawal.
Source: YAHOO
Reported 12 months ago
Following the first presidential debate between Biden and Trump, where Biden was criticized, Biden defended his performance, stating he debated a 'liar,' while Vice President Harris emphasized Biden's strong finish and urged attention on his achievements over his debate performance during his three and a half years in office. Despite criticism, Biden stated he felt he performed well and was not concerned about calls for him to step down, focusing on attacking Trump's lies instead. Harris highlighted Biden's accomplishments and stressed the need to focus on his three and a half years of historic achievements rather than his debate style when questioned by CNN's Anderson Cooper.
Source: YAHOO
Reported 12 months ago
On June 28, 2024, Taiwan is facing its sixth wave of COVID-19 outbreak, with an estimated peak in July where weekly cases could reach up to 100,000. Experts recommend high-risk groups to undergo testing twice within 5 days if suspected of infection, as the virus continues to mutate rapidly and vaccine protection diminishes over time. Discussions at a public hearing highlighted the impact on vulnerable populations and the importance of timely screening and treatment for those showing symptoms.
Source: YAHOO
Reported 12 months ago
On June 28, 2024, Japanese snack company Morinaga Seika Co., Ltd. issued a product recall notice for their popular snack 'Man Nabolo' due to reports of foreign substances found, suspected to be animal feces. Taiwan's Food and Drug Administration confirmed that 231.92 kilograms of the product were imported by 6 local companies within the expiry period ranging from June 30 of this year to March 31 of next year. Investigations are ongoing to prevent any health risks, with efforts to enhance quality control measures.
Source: YAHOO
Reported 12 months ago
In response to recent controversies surrounding altruistic seats on public transportation, Taiwan's Ministry of Health plans to amend the 'Rights of Persons with Disabilities Protection Act' by renaming altruistic seats to 'priority seats' and expanding the target users from 'the elderly, weak, women, and children' to 'other individuals with genuine needs.' The Ministry aims to emphasize the importance of these seats, highlighting the spirit of courtesy and priority for those in need, aligning with international practices seen in countries like the UK, France, and Japan. By making this proposed legal change, the Ministry aims to address recent disputes and promote harmony and efficient public transportation services.
Source: YAHOO
Reported 12 months ago
When Tsai Fang-wen became the executive director of the Shuanglien Nursing Home, he displayed the word 'listening' prominently in the research center. This word stemmed from complaints made by the elderly residents, which eventually led to the development of 23 innovations. By actively listening to the complaints and suggestions of the elderly, Tsai and his team collaborated with various organizations to develop customized products that catered to the needs of the elderly, such as specialized chairs and an upgraded elevator system with 72 infrared points to prevent accidents. The center continued to operate successfully even after Tsai's retirement, with all the advancements attributed to listening to the voices of the elderly.
Source: YAHOO
Reported 12 months ago
Taiwan's Ministry of Environment has informed related government units that fifteen types of trees, including Chinese parasol trees and sweetgums, have been confirmed to release Isoprene, causing potential air quality issues due to ozone generation. Despite controversy, the Ministry emphasizes that there is no official ban on planting these trees and will invite agricultural agencies and experts for discussions on more suitable tree species for Taiwan next Wednesday. The Ministry encourages planting trees but urges consideration of various factors when selecting tree species to improve air quality.
Source: YAHOO
Reported 12 months ago
With the increasing number of technology enforcement sites, insufficient signage has led to public discontent in Taiwan. Tainan currently has 38 such sites and plans to increase them to 63, while Kaohsiung has 56 and will add 26 more this year. Officials emphasize the need for clearer warning signs and LED lights at these sites to alert road users. The effective enforcement has reduced accidents by about 20%, with a total of 9,7375 violations and fines amounting to approximately 116.85 million NT dollars in Tainan last year. Measures are being taken to address the visibility of these enforcement areas, aiming to enhance road safety and reduce violations.
Source: YAHOO
Reported 12 months ago
According to an instant poll by CNN following the first presidential debate in the U.S., nearly 70% of voters believed former President Trump outperformed Biden. However, around 80% of voters stated that the candidates' debate performance did not affect their voting choice. Despite Trump's advantage in the debate, 81% of eligible voters already had a clear preference on who they would vote for, with only 5% stating the debate changed their voting intention. The survey also revealed varying levels of confidence in both candidates' abilities in different areas among voters.
Source: YAHOO
Reported 12 months ago
The 'Pingtung West Market' was built with 200 million yuan and is touted as the first green building market in southern Taiwan with air-conditioned indoor temperature and automatic ventilation. It has attracted many shoppers during its trial operation, but some noticed the absence of pork stalls. The county government explained that the first round of draws did not include any pork stalls, but there will be four in the second round. There were queries raised about the selection process and concerns about the absence of popular items like pork in the market.
Source: YAHOO
Reported 12 months ago
台股月月配風潮引領者00929在上半年ETF換股熱潮中登場，成為台股ETF中的第四大，換股生效日期為7月1日。除00929外，中信上櫃ESG 30和月月配兆豐電子高息等權也進行成分股調整，各有新增與刪除股票名單。
Source: YAHOO
Reported 12 months ago
On June 28, 2024, the Taipei stock market closed above 23,000 points, with the Taiwan Stock ETF performance rankings for the first half of the year announced. Among them, the Fubon Technology ETF (0052) took the top spot with a 48.77% increase, while the New Taiwan Semiconductor 30 ETF (00904) led among semiconductor ETFs with a 29.74% return. With Taiwan's ETF market reaching 5 trillion NT dollars, the first half of the year saw strong performance driven by technology and AI, especially benefiting the semiconductor industry. Managers forecast continued growth in the semiconductor industry from 2024 to 2026, as the market anticipates a significant cash dividend distribution in July, providing further support for the semiconductor sector in the third quarter.
Source: YAHOO
Reported 12 months ago
Taiwan's stock market closed on June 28 at 23,032.25 points, rising by 126.27 points, with a significant gain of 2,737.8 points in the second quarter, marking a 13.49% increase. Foreign investors were the top buyers in the quarter, notably purchasing 413,177 shares of King's Town Financial (2883). This marks the highest buying activity by foreign investors in a single quarter, with China Airlines and Yang Ming following as the second and third top-buying stocks. Despite a brief market correction in April, the market rebounded and hit a historic high in June before consolidating slightly by the end of the quarter.
Source: YAHOO
Reported 12 months ago
As we approach July, the Taiwan stock market is projected to have a stable trading atmosphere with three main positive factors: squeezing of short positions, bullish technical indicators, and narrowing gap between spot and futures prices. Market experts predict that the market will remain robust despite potential consolidation, and they are optimistic about the overall outlook for the second half of the year. Factors contributing to this positive sentiment include the resurgence of short positions, indexes surpassing all moving averages, and the reduction in the disparity between stock and futures prices.
Source: YAHOO
Reported 12 months ago
Established on June 28, 2024, the High-Dividend ETF - Yuanta High Dividend (0056) announced the first-stage dividend distribution amount for Q3, estimating a distribution of 1.07 yuan per unit, a new high for the quarter. With an estimated annual dividend yield of 10.4%, this marks the start of the ETF dividend battle in July. 0056 has seen continuous growth in scale, surpassing 300 billion in assets on June 19, reflecting Taiwan's growing stock market. The ETF, tracking the Taiwan High Dividend Index, selects stocks based on predicted cash dividend yields for the coming year, showing both dividend stability and growth potential.
Source: YAHOO
Reported 12 months ago
Morgan Stanley recently conducted a large-scale roadshow in various Asian locations, meeting with over a hundred major institutional investors. They highlighted eight key issues that Asian institutional investors are most concerned about, including AI demand in mainland China, AI smart machines, NVIDIA's GPU test time, AI PC semiconductors, niche memory prices, mainland China's wafer factory equipment and mature processes, analog IC industry, and special application IC industry. Morgan Stanley specifically recommended stocks such as TSMC, MediaTek, UMC, and more in the Tai Chi electronic supply chain, giving them a 'better than market' rating, while others like Nanya Technology and Silergy were rated 'below market.' The article also discusses various developments and trends in the semiconductor industry, including the focus on AI technology and the performance of different chips in the market.
Source: YAHOO
Reported 12 months ago
The Financial Supervisory Commission (FSC) in Taiwan has received recognition for its performance over the past 20 years and is expected to do more in the future. Experts interviewed by the Economic Daily suggest that in the next 20 years, FSC should focus on internationalization, organizational restructuring, and incorporating flexible supervision practices. Recommendations include promoting mergers to compete internationally, establishing a Financial Innovation Development Bureau, and revising regulations for consumer protection and financial services in line with international standards.
Source: YAHOO
Reported 12 months ago
To prevent abuse of the New Youth Housing scheme, Taiwan's Ministry of Finance has implemented a new rule limiting each individual to receive the benefits only once. Public banks were urged to thoroughly investigate and report any clear evidence of violations such as dummy households or subletting within two weeks. The scheme, introduced in August 2021, led to a surge in property demand but also various irregularities. The government aims to ensure fair resource allocation by cracking down on violations and adjusting loan conditions where necessary.
Source: YAHOO
Reported 12 months ago
According to reports, on June 28, the exchange rate of the Japanese yen against the US dollar fell below 161, dragging down the major Asian currencies including the New Taiwan dollar. Despite initially depreciating to 32.59 against the US dollar, strong demand by exporters at the end of the quarter and significant foreign capital inflows due to a soaring stock market reversed the trend in the afternoon session, leading the New Taiwan dollar to appreciate by 8 pips and close at 32.45. The New Taiwan dollar has depreciated by 1.715 yuan in the first half of the year, a decline of 5.29%, ranking third in depreciation among major Asian currencies, trailing behind the Japanese yen by 12.13% and the South Korean won by 5.84%.
Source: YAHOO
Reported 12 months ago
Following the recent implementation of new property loan regulations, the Ministry of Finance in Taiwan has instructed public banks to quickly investigate high-risk cases to determine if any violations have occurred. The Ministry aims to have concrete results within one week and will take necessary actions against those found in breach. The measures are in response to concerns of property speculation and misuse of the 'New Qing'an' loan program, with new rules being introduced to prevent such activities and ensure compliance.
Source: YAHOO
Reported 12 months ago
Morgan Stanley recently conducted large-scale roadshows in various Asian regions, meeting with over a hundred major institutional investors. In response to client feedback, investors are highly focused on eight issues related to artificial intelligence (AI). Pertaining to the Taiwanese supply chain, Morgan Stanley endorsed eight stocks including TSMC, MediaTek, ASMC-KY, and Creative, giving them a rating of 'outperforming the market'. The top eight issues of concern to Asian institutional investors include Chinese AI demand, Chinese AI smart machines, NVIDIA GPU testing time, AI PC semiconductors, niche memory prices, Chinese wafer factory equipment (WFE) and mature process, analog IC industry, and special application IC industry (ASIC).
Source: YAHOO
Reported 12 months ago
After the Chinese Communist Party's Politburo meeting on June 27, both former and current State Councilors and Defense Ministers, Wei Fenghe and Li Shangfu, were expelled from the party, while former State Councilor and Foreign Minister Qin Gang, who has been missing for a while, still has no news. Hong Kong media speculates he may have a 'safe landing'. Several high-ranking CCP officials also had their positions reshuffled, involving multiple provinces. Qin Gang disappeared suddenly at the end of June last year and subsequently was relieved of his positions, including Foreign Minister, State Councilor, and 'resignation' from the National People's Congress deputy. The media believes that his issues 'may not be serious' and he might 'land safely'. Wei Fenghe, who fell from power, had a recent incident involving the sending of a wreath to mourn the late former Vice Chairman of the NPC, Wuyunguimuge, leading to speculations of a possible mix-up. The CCP 20th Central Committee will convene in mid-July, with official adjustments made to leadership positions in five provinces, involving five Central Committee members. Additionally, the NPC formally appointed Lei Haichao as the director of the Health Commission. This article reports on the recent political developments and speculations surrounding Qin Gang and other officials in China.
Source: YAHOO
Reported 12 months ago
On June 28, 2024, a US RC-135W electronic reconnaissance aircraft was suspected of crossing the airspace above southern Taiwan and entering the southwest airspace to fly over the Bashi Channel, as reported by aviation enthusiasts tracking the flight through online platforms. Military experts suggest that it is not impossible for the aircraft to fly over Taiwan. The Taiwan Ministry of National Defense declined to comment on civilian observations of military aircraft activities, reassuring the public that they are closely monitoring all military movements around Taiwan. Former Air Force Deputy Commander Zhang Yanting mentioned that the US aircraft may have used electronic jamming functions during the flight, possibly to confuse flight paths as it entered the southwest airspace. However, he noted that this tactic could easily expose the aircraft, making it a less likely scenario. The aircraft's actions are seen as a gesture to assist Taiwan rather than an aggressive move similar to China's military actions towards Taiwan.
Source: YAHOO