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Taiwan's stock market saw a significant decline, with the Taiex falling 1.73% to close at 22,071.09 on March 12, driven by concerns over the US economy. The electronics sector led the drop, with TSMC losing 2.71% and contributing approximately 220 points to the index's fall, influenced by a 3.64% decrease in its American depositary receipts.
Taiwan Semiconductor Manufacturing Co. (TSMC) shares fell 0.70% to NT$998.00 (US$30.33), marking the first close below NT$1,000 since November 2024. Concerns over TSMC's US$100 billion investment in Arizona and fears of a US recession contributed to a 0.52% decline in the Taiex, which closed at 22,459.15. Turnover reached NT$337.99 billion (US$10.27 billion), with heightened worries following President Trump's comments and the Federal Reserve Bank of Atlanta's GDPNow tracker indicating potential negative growth in the US.
Taiwan's stock market fell on March 7, with the Taiex index dropping 139.36 points, or 0.61%, to close at 22,576.07 amid concerns over new US tariffs affecting Canada, Mexico, and China. Despite the downturn, Taiwan Semiconductor Manufacturing Co. (TSMC) remained stable at NT$1,005.00, potentially supported by government-backed funds as foreign institutional investors sold NT$29.50 billion in shares. Analysts anticipate ongoing market pressure as the implications of US trade policies unfold.
Nissan's board will meet on March 11 to discuss potential successors for CEO Makoto Uchida, whose position is under scrutiny due to the company's declining performance. Candidates include CFO Jeremie Papin, Chief Planning Officer Ivan Espinosa, and Chief Performance Officer Guillaume Cartier, though their ties to current management issues raise doubts about their suitability. The automaker is also exploring partnerships, including a possible tie-up with Foxconn, as it grapples with significant structural challenges and a recent downgrade to junk status by Fitch Ratings.
Wiwynn Corp, a Taiwan-based cloud supplier, is set to invest $300 million in its first manufacturing facility in the U.S. to adapt its supply chain amid global economic challenges. The company, which serves major clients like Meta Platforms and Microsoft, reported record net profits of NT$7.05 billion in Q4 2024, doubling from the previous year, with annual profits rising 89% to NT$22.78 billion. Wiwynn is also expanding domestically with an NT$8 billion investment in a new facility at Southern Science Park, reflecting a 29% increase over initial estimates.
HSBC is restructuring its leadership in Asia to streamline operations by assigning additional responsibilities to country heads in smaller markets. Effective March 1, Peter Kim and Tim Evans will take on dual roles in Korea and Vietnam, respectively, while other leaders in Malaysia, Taiwan, and Thailand will also assume additional duties. The changes aim to enhance service delivery and support strategic objectives, as CEO Georges Elhedery continues to implement cost-reduction measures and simplify the organizational structure.
Taiwan stocks fell 1.19% on February 25, with the Taiex index dropping 279.59 points to close at 23,285.72, amid concerns over AI investment slowdowns following Microsoft’s cancellation of data center leases. Semiconductor stocks, particularly Taiwan Semiconductor Manufacturing Co. (TSMC), which declined 1.86% to NT$1,055.00, significantly contributed to the market downturn. Total trading volume reached NT$392.17 billion (US$11.96 billion).
Global markets show resilience amid tariff uncertainties, with U.S. indices slightly down and European stocks gaining. Dividend stocks present a stable income opportunity, with notable options including Wuliangye Yibin (4.08%), Padma Oil (7.55%), and Tsubakimoto Chain (4.21%). Banque Cantonale Vaudoise offers a 4.6% yield, while Unitech Computer boasts 5.95%, though its high payout ratio raises sustainability concerns.
Ryan Cohen took over as CEO in September 2023, with significant shareholder support, but the marketplace closed to trading by early February 2024. Major indexes fell amid economic concerns, with the S&P 500 down 0.9% and only the energy sector gaining. Palantir's impressive earnings boosted its stock, while TSMC maintained a positive outlook despite earthquake-related losses. GameStop shares rose after Cohen's tweet with Michael Saylor, sparking speculation about potential investments in Bitcoin.
Huawei anticipates reaching ¥860 billion ($118.25 billion) in revenue for 2024, marking a 22% increase from 2023, despite ongoing sanctions. Meanwhile, Japan proposes a bill for proactive cyber-defense measures, and Thailand has cut power to cyber-scam slave camps. In corporate news, Infosys faces backlash over the termination of 700 staff, and Nissan reportedly backs out of a merger with Honda.
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