China intends to suspend some military exchanges with the U.S., in the first concrete sign of the fallout from Washington’s decision to provide a $5.9 billion arms package to Taiwan. The FT reports.
Chip firms are seen as a bellwether of the global economy, and shares of the major semiconductor manufacturers such as TSMC, UMC and ASE have fallen around 40 percent from their peaks earlier this year. The companies have been cutting their earnings forecasts as sales have slowed. But one analyst says the markets have already discounted the bleak growth and investors should now buy these stocks.
Stephen Yates, President of DC International Advisory says that tension between China and its Asian neighbours over South China Sea interests calls for closer attention from the United States.
There are six months to go before Taiwan heads to the polls for presidential and legislative elections, but one analyst says investors should already position themselves to benefit from the pre-election equity rally expected to take place during the second-half of 2011.
Taiwan's columbaria products and funeral services provider Lung Yen Life Service, which recently invested $40 million to set up a subsidiary in China, has an analyst bullish on its future earning prospects.
Emerging market stocks, especially in Asia, have underperformed U.S. stocks this year. One strategist says the structural growth issues facing the U.S., as well as Europe's debt crisis, will once again drive investors back into emerging market equities.
The rising labor costs for companies that supply Chinese goods to the West may result in higher consumer prices. The NYT reports.
Chinese media reports say two people have died following an explosion at a factory in southwestern China belonging to electronics maker Foxconn Technology Group.
The KOSPI leads the behavior of indices in the ASEAN region. When the KOSPI retreats then there is a high probability that the Hang Seng, the Straits Times Index and the TAIEX will also follow the same behavior.
IPhone maker Foxconn is considering investing $12 billion in Brazil, a move that could help Apple and other tech companies expand in the world's eighth largest economy.
The craze for tablet computers has started to cannibalize sales of PCs. But with market leader Apple priced at nearly $330 a share, Taiwan's Hon Hai may be a cheaper way to gain exposure to this growth story, suggested a technology analyst.
As the market begins the process of second guessing the G7’s coordinated action to keep the yen lower, High Frequency Economics is warning investors the damage caused by the disaster in Japan is being both understated by the government and underappreciated outside of people in the immediate vicinity.
The March 2011 earthquake off the coast of Japan has rocked international markets as the world tries to gauge the reality of the human and economic devastation in the country.
Japanese shares plunged on Tuesday as fresh explosions rocked a damaged nuclear plant and triggered a rise in radiation levels, sending investors fleeing from riskier assets such as equities and commodities across Asia.
Following the huge losses on the Nikkei, with more than $700 billion dollars wiped off the Japanese market in just two sessions, one economist is predicting the tragic events in Japan will be an "excuse" 'to move to quantitative easing in all major markets.
Asian stocks outside Japan edged up on Monday, with demand for commodity-related shares offsetting the steep drop in Japanese markets following a massive earthquake and tsunami.
Nikkei futures tumbled on Friday after a massive 8.9 magnitude earthquake hit northeast Japan, causing many injuries.
Asian shares opened lower on Thursday following declines in the overnight U.S. session. A sell-off in chip stocks hurt tech counters in South Korea, while a decline in commodities weighed on Australia's commodity heavy index.
Stocks in Japan and South Korea opened higher on Wednesday, helped by an overnight rally on Wall Street.
Taiwan’s stock market has been a relative underperformer in the Greater China region this year, compared to China and Hong Kong. But Emil Wolter, Head of Regional Strategy for Asian Equities told CNBC, Taiwan is now at an early stage of a multi-year bull market that’s likely to peak at twice its current level in 2 years.