2023 Year of the Rabbit, What Does it Mean for You and Financial Markets

The lunar new year typically falls on the second new moon after the winter solstice and is celebrated in countries across East and Southeast Asia, including China, Korea, Japan, Vietnam, Singapore, and Taiwan. The year of the rabbit in the Chinese zodiac occurs every 12 years and the next one begins Sunday January 22, 2023. Lunar New Year is also known as the Chinese New Year or the Spring Festival when Asian communities around the world this year will say … Continue reading “2023 Year of the Rabbit, What Does it Mean for You and Financial Markets”

Taiwan Raised Interest Rate by 1.75 percent, Highest Since 2015

Taiwan’s central bank, Central Bank of the Republic of China (Taiwan) unanimously raised the policy benchmark discount rate to 1.75% from 1.625%, in line with market forecasts and pushing borrowing costs to the highest since 2015 at its December meeting. The central bank Governor said if it’s certain that the inflation rate is below 2%, the bank will stop raising interest rates, although there is still a lot of uncertainty. Committee noted that the latest inflation reading show inflation declined … Continue reading “Taiwan Raised Interest Rate by 1.75 percent, Highest Since 2015”

Taiwan Semiconductor Stock Rise Continues After Berkshire Hathaway Announces $4.1 Billion Stake

The world’s largest contract chipmaker or foundry, Taiwan Semiconductor Manufacturing shares rose 6% after hours following Warren Buffett’s Berkshire Hathaway announced they bought more than US$4.1 billion of American Depository Shares (ADS) in TSMC in their filing for September 30. TSMC have been a big part of the Semiconductor bounce in the past week rising 12.96% tracking the broader tech rally after the mellower US inflation print prompted bets of a less aggressive hike by the Federal Reserve. Berkshire Hathaway … Continue reading “Taiwan Semiconductor Stock Rise Continues After Berkshire Hathaway Announces $4.1 Billion Stake”

Record Taiwan Chip Production To Continue, Expanding Over 25% in 2022

The global chip supply is expected to get some relief from Taiwan Semiconductor Manufacturing Co (TSMC) and the other Taiwanese Semiconductor manufacturers next year. A Taiwan government think tank forecasts output will grow 25.9% in 2021 to a 4.1 trillion New Taiwan dollars ($147 billion). Producers are struggling to keep up with the surging demand even as they invest in new capacity. A recent report published by Taiwan government think tank, The Industry, Science and Technology International Strategy Center (ISTI) … Continue reading “Record Taiwan Chip Production To Continue, Expanding Over 25% in 2022”

China America Decoupling Sees Bilateral Technology Investment Plunge 96%

With tensions from China escalating around the globe from trade wars to credit implosions like the Evergrande debacle just the latest. U.S. and China bilaterial Technology investment has been obliterated as they decouple their supply chains Bain and Co.reports.

Chip Shortage and COVID Slams Taiwan Stock Index in Biggest 2 Day Collapse in Thirty Years

Taiwan’s stock index (TAIEX) has been one of the success stories of 2021, led by Taiwan Semi Conductor $TSM. However the chip shortage is taking it’s toll and new outbreaks of the coronavirus has shocked the island nation. The TAIEX is down 8.6% in the largest 2 day drop since 1990 and down more than 13% from its April high

Chipmaker Taiwan Semiconductor Dominating Automaker Price Negotiation Pressures Inflation Risk

The global semiconductor chip shortage, the result of lower production from COVID restrictions and increased demand due to Work From Anywhere (WFA). Then we have a delay in Intel’s chips. This has put the Taiwanese Semi giants in a powerful position for upcoming negotiations with automakers. 

Coronavirus Highest Risk International Cities Bangkok, Hong Kong and Taipei

Bangkok, Hong Kong and Taipai are currently the cities most at risk from a global spread of the 2019 Novel Coronavirus (2019-nCoV) in a study based on the number of air travelers predicted to arrive there from the worst affected cities in mainland China.