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Thai Economy Hit by Double Blow: Energy Crisis and Capital Outflow

The Middle East conflict is exacerbating Thailand's weak economy by driving up energy prices and causing foreign capital to flee. In March, foreign investors significantly withdrew from Thailand's stock and bond markets. The country's heavy reliance on Middle Eastern energy means a prolonged conflict and high oil prices could lead to stagflation, pressuring key sectors like industry, exports, tourism, and real estate.

Taiwan stock market surges 1386 points this week, total market capitalization of listed companies exceeds NT$120 trillion

The Taiwan stock market surged 1386.51 points this week, with the total market capitalization of listed companies reaching NT$120.0594 trillion, driven by easing US-Iran tensions and TSMC's investor conference. Despite a slight dip on April 17, the market closed at 36804.34 points. The glass and ceramics sector saw the largest increase, while semiconductors dominated trading volume.

Asian Stocks Mostly Down as Market Awaits US-Iran Peace Talk Progress

Asian stock markets closed mostly lower today as investors awaited progress on US-Iran peace talks. Oil prices saw a slight pullback after rising the previous day. Market sentiment is mixed, with optimism about ending the Middle East war contrasted by concerns over the fragile ceasefire set to expire next week.

Middle East Conflict Drives Up Cost of Living, Thais Cancel Travel and Reduce Spending

The Middle East conflict has pushed up oil prices, leading to a rise in the cost of living for Thai citizens, forcing them to cancel travel plans and reduce spending. Raviphan, who works in finance, noted that gasoline costs have increased by over 200 baht. Thai fuel prices have significantly risen in recent weeks, with diesel prices temporarily hitting a record high of approximately 50.54 baht per liter.

April 17: Impact of US-Iran War on International Economy, Financial Markets, and Livelihoods

The US-Iran war has impacted the global economy, but optimism for Middle East peace boosted the S&P 500 and Nasdaq to record highs. However, the IEA and IMF warned of energy shortages, with Europe potentially running out of aviation fuel in six weeks due to the Strait of Hormuz blockade. South Korean ships are now rerouting through the Red Sea for oil supplies.

Taiwan Stock Market Falls 327 Points, Drops Below 37000; OTC Index Hits New High with 'Double Ten-Thousand Gold' Record

The Taiwan stock market closed down 327 points at 36804.34, falling below 37000, primarily due to TSMC's decline. However, the OTC index reached a new high, with InnoLux and ASPEED Technology setting a 'Double Ten-Thousand Gold' record, and 45 stocks becoming 'thousand-dollar stocks'. Analysts attribute the market volatility to profit-taking in TSMC but remain optimistic about foreign capital replenishment and continued growth in AI-related sectors.

Gallium Arsenide Price Hike: Win Semiconductors, Visual Photonics Epitaxy Stock Prices Hit Record Highs

Prices for gallium arsenide (GaAs) related products are rising, with increases expected from Q2 for upstream GaAs epitaxy to downstream power amplifiers (PA). This is driven by surging raw material costs, particularly gallium due to China's export controls since 2025, and high demand from 5G, low-orbit satellites, and AI servers. Consequently, shares of GaAs manufacturers Win Semiconductors and Visual Photonics Epitaxy have reached all-time highs.

IEA: Europe's Jet Fuel Could Run Out in 6 Weeks

The International Energy Agency (IEA) has warned that Europe could run out of jet fuel within six weeks, depending on the duration of the Strait of Hormuz blockade. IEA Executive Director Fatih Birol predicts that the energy crisis will worsen in April due to oil supply shortages, potentially accelerating inflation and hindering economic growth in many countries. European aviation associations are concerned about severe disruptions to airport operations and air travel, leading to significant economic impact.

Middle East War's Far-Reaching Impact: IMF Warns of Crises in Asia-Pacific and Africa

The International Monetary Fund (IMF) warned that the Middle East war's impact extends beyond the region, potentially causing severe consequences for energy-importing nations in Asia-Pacific and Sub-Saharan Africa. These countries face widening trade deficits, rising living costs, and limited capacity to respond, with 20 million people in Sub-Saharan Africa at risk of hunger. The Strait of Hormuz disruption and reliance on imported food, fertilizer, and energy exacerbate these concerns.

Waters Off Singapore and Malaysia Become Transshipment Hub, Iranian Oil Continues to Flow to China

Despite ongoing conflicts in the Middle East, ship-to-ship (STS) transfers of Iranian oil continue in waters near Singapore, helping Iran evade sanctions and maintain trade with China. A "ghost fleet" of nearly 400 old tankers operates discreetly through opaque ownership and GPS manipulation. The waters off Malaysia and Singapore have become a crucial transshipment hub, with at least 37 Iran-linked tankers transferring over 62.3 million barrels of crude oil to Chinese ports since March 1.

CIER Raises Taiwan's 2024 Economic Growth Forecast to 7.22%

The Chung-Hua Institution for Economic Research (CIER) significantly revised up Taiwan's 2024 economic growth forecast to 7.22%, driven by strong AI demand. However, inflation pressure is rising, with the Consumer Price Index (CPI) annual growth rate projected at 1.98%, nearing the 2% alert level due to Middle East conflicts. The New Taiwan Dollar is expected to appreciate gradually against the US Dollar in 2026.

Taiwan Stocks Fall Nearly 300 Points During Trading, Ingrasys First to Reach NT$10,000, Creating "Double Ten Thousand Gold" Era

Despite positive news from TSMC's investor conference, profit-taking led to Taiwan stocks falling nearly 300 points during trading, dropping below the 37,000-point mark. However, small and medium-sized electronic stocks performed well, with the OTC index hitting a new high. Notably, Ingrasys, the second-highest-priced stock, surpassed NT$10,000 for the first time, joining Kingstate Electronics to usher in a "Double Ten Thousand Gold" era. Semiconductor equipment, AI materials, upstream PCB materials, and silicon photonics-related stocks showed strong performance, with many hitting their daily limits.

China Sees Wave of Credit Card Suspensions, Volume Down 13.75% from Historical High

Several Chinese banks have announced the suspension of some credit card products, mainly co-branded and themed cards. By the end of 2025, the total number of credit and debit-credit integrated cards was approximately 696 million, a 13.75% decrease from its historical peak. This trend is attributed to stricter regulations, risk control, and changes in the market environment.

Middle East Peace Expectations Boost S&P, Nasdaq to Record Highs

Optimism that the worst of the Middle East conflict is over propelled the S&P 500 and Nasdaq indices to close at record highs for a second consecutive day. This was driven by Israel's agreement to a temporary ceasefire with Lebanon and U.S. President Trump's hint of a potential U.S.-Iran meeting over the weekend. The Dow Jones Industrial Average rose 0.24% to 48578.72 points, the S&P 500 gained 0.26% to 7041.28 points, and the Nasdaq climbed 0.36% to 24102.70 points.

TSMC Investor Conference Reports Good News, ADR Falls 3%; Investment Advisory: Positive Outlook, No Need to Panic in Taiwan Stock Market

Despite TSMC's investor conference reporting positive outlooks, its ADR fell 3.13%, and Taiwan stock index futures also dropped. However, investment advisors believe there's no need to panic in the Taiwan stock market, citing TSMC's better-than-expected long-term capital expenditure and revenue forecasts. Strong AI demand led TSMC to earn over two capital shares in Q1, with Q2 revenue projected to grow by another 10%.

KEJIA-KY Announces Cumulative Disposal of Securities by Subsidiaries Exceeding 20% of Paid-in Capital Within One Year

KEJIA-KY announced that its subsidiaries, including Suzhou Jiaji and others, have cumulatively disposed of securities within one year, reaching 20% of the paid-in capital. The total amount disposed of was 233,657 thousand Yuan, with a profit of 26 thousand Yuan. This transaction represents 23.52% of total assets and 31.23% of equity.

Wistron's Subsidiary WisLab EMS Corporation Acquires Real Estate

Wistron's subsidiary, WisLab EMS Corporation, has acquired a property located at 4211 Starboard Drive, Fremont, California, for USD 61 million. This acquisition, approved by the board on April 16, 2026, is intended to support business development and strategic planning. The property, measuring 129,808 square feet, was previously leased by WisLab (formerly Alpha EMS Corporation).

Market Optimism on Middle East War Drives US Stocks Higher, S&P and Nasdaq Hit New Highs Again

Optimism in the market regarding a ceasefire between Israel and Lebanon, and potential US-Iran talks, led to a rally in major US stock indices. The S&P 500 and Nasdaq Composite both reached new record highs for the second consecutive day. The Dow Jones Industrial Average rose by 115.00 points (0.24%) to 48578.72, the S&P 500 gained 18.33 points (0.26%) to 7041.28, and the Nasdaq Composite increased by 86.68 points (0.36%) to 24102.70. The Philadelphia Semiconductor Index also climbed 90.06 points (0.97%) to 9329.35.

Guo Pao Financial Board Election Ends Early, 15 Director Nominees Approved

Guo Pao Financial will hold its shareholder meeting on May 29th for board elections. However, due to major shareholders withdrawing some nominations on April 15th, the anticipated election battle has concluded early. The board reviewed and approved a list of 15 director nominees today (April 16th), consisting of 10 general directors and 5 independent directors.

Strong AI Demand Drives TSMC Growth Over 30%, Key Takeaways from Investor Conference

TSMC reported strong Q1 earnings, exceeding two capital stocks, and expects Q2 revenue to grow by another 10%. Chairman C.C. Wei announced over 30% annual growth, surpassing expectations, and confirmed 3nm capacity expansion in Taiwan, the US, and Japan to meet AI demand. Capital expenditure for 2026 is projected to be between $52 billion and $56 billion.

Hopes for US-Iran Peace Talks Rise, Asian Stocks Follow US Market Gains

Optimism for extended ceasefire and new peace talks between the US and Iran, along with the reopening of the Strait of Hormuz, boosted Asian stock markets, which mostly closed higher following US gains. Strong US corporate earnings reports indicated resilience despite rising oil prices and inflation. Officials from Washington and Tehran are reportedly holding a second round of peace talks in Islamabad.

April 16: Impact of US-Iran War on International Economy, Financial Markets, and Livelihoods

The US-Iran conflict continues to impact the global economy. The US has warned two Chinese banks about secondary sanctions if they conduct business with Iran. US businesses and households are adjusting to tariffs and energy disruptions, with many companies adopting a wait-and-see approach. Rising oil prices are increasing interest in electric vehicles, though sales changes remain to be seen. Norway's crude oil export value hit a record high in March, and the IMF forecasts short-term benefits for Brazil due to energy exports. The Federal Reserve's Beige Book indicates that the Middle East conflict is a significant source of uncertainty affecting business decisions.

Xian Zong Industry Chairman Defrauded Loans Exceeding 1.1 Billion; Second Trial Reduces Sentence to 12 Years

The male chairman of the well-known steel wire manufacturer Xian Zong Industry and his wife were accused of defrauding loans exceeding NT$1.1 billion and defrauding upstream and downstream suppliers. The first instance court sentenced the chairman to 12 years and 4 months and his wife to 6 years and 10 months. The Kaohsiung High Court announced its second instance ruling today, reducing the sentences to 12 years for the chairman and 6 years and 6 months for his wife. The case is still appealable.

In response to Middle East conflict to stabilize prices, Executive Yuan initially estimates NT$130 billion pending finalization

To stabilize prices amidst the Middle East conflict, Taiwan's Directorate-General of Budget, Accounting and Statistics (DGBAS) initially estimated a funding gap of approximately NT$129.2 billion for various ministries and state-owned enterprises. The Executive Yuan stated this is a preliminary estimate, not final, and is considering additional or special budgets for funding. The government will continue price stabilization measures and explore subsidies for affected industries.

Life Insurers' Q1 New Contract Premiums Reach NT$368.2 Billion, Investment-Linked Policies Up Over 50%

Life insurance companies recorded new contract premiums of NT$368.2 billion in the first quarter, a year-on-year increase of 36.11%. Investment-linked policies showed a significant rise, with new premiums around NT$187.9 billion, up 54.5% year-on-year. This growth is driven by collaborations with banks and investment trusts, and the appeal of dollar-denominated policies and products with higher Contractual Service Margin (CSM).

【K-Y KAJIA】Announcement by subsidiaries Suzhou Jiaji/Kede/Jiacai/Aipulai/Baihong/Jiahuang/Jiajun: Accumulated acquisition of the same securities within one year reaches 20% of paid-in capital.

KAJIA-KY's subsidiaries, including Suzhou Jiaji, Kede, Jiacai, Aipulai, Baihong, Jiahuang, and Jiajun, acquired one-day reverse repurchase agreements of national bonds (GC001) on the Shanghai Stock Exchange. The total transaction amount was RMB 233,631 thousand (approximately NTD 1,111,464 thousand). This transaction accounts for 23.52% of total assets and 31.23% of owners' equity attributable to the parent company. The purpose is financial investment.

【K-Y KAJIA】Announcement by subsidiaries Suzhou Jiaji/Kede/Jiacai/Aipulai/Baihong/Jiahuang/Jiajun: Accumulated disposal of the same securities within one year reaches 20% of paid-in capital.

KAJIA-KY's subsidiaries, including Suzhou Jiaji, Kede, Jiacai, Aipulai, Baihong, Jiahuang, and Jiajun, disposed of one-day reverse repurchase agreements of national bonds (GC001) on the Shanghai Stock Exchange. The total transaction amount was RMB 232,129 thousand (approximately NTD 1,104,318 thousand), resulting in a disposal profit of RMB 9 thousand. This transaction accounts for 23.37% of total assets and 31.03% of owners' equity attributable to the parent company. The purpose is financial investment.

Impact of Middle East Situation: SMEs and Small Businesses Report Double and 40% Price Hikes for Procurement

The National Federation of Societies of Commerce and Industry analyzed consultations from SMEs and small businesses regarding the impact of the Middle East situation. Consultations showing concrete numerical impacts on business, such as a doubling of thinner prices for painting, over 40% increase in insulation materials, and a 30% rise in packaging bags, are increasing. Approximately 80% of businesses are concerned about rising fuel prices and supply shortages, and over 90% for product procurement.

Source: prtimes.jp

Why We Invested in Sygaldry

Sygaldry is developing quantum-accelerated servers for AI data centers, aiming to solve the power and cost challenges of AI development by combining quantum bits and photonics. The investment is driven by the structural crisis in AI infrastructure and Sygaldry's differentiated technical approach and strong founding team.

Source: prtimes.jp

Payroll Publishes March 2026 Wage Index 'QPI'

Payroll and QUICK have released the confirmed March 2026 QPI (QUICK Payroll Wage Index). The disposable income QPI rose by +3.43% year-on-year, significantly exceeding the inflation rate. This increase is primarily due to a continued low rise in income tax burden, while stipulated wage QPI also maintained strong growth. Caution is advised regarding potential price re-inflation due to geopolitical risks.

Source: prtimes.jp

Taiwanese Are Top Spenders: Q1 2026 Japan Visitor Consumption Led by Taiwan

Japan Tourism Agency announced that foreign visitors spent an estimated 2.3378 trillion yen in Japan during Q1 2026. Taiwanese travelers were the top spenders, reaching 388.4 billion yen. While Chinese visitor spending significantly decreased, overall consumption still increased by 2.5% year-on-year due to growth from other countries like Taiwan, South Korea, and the US. French travelers had the highest per capita spending, with accommodation being the largest expenditure.

Ureru Net Advertising Company Group (9235) [Approx. ¥1.5 Billion] Announcement Regarding Undertaking a Super Large Cryptocurrency Recovery Project ~Commencing Recovery of 151 BTC (Approx. ¥1.5 Billion Equivalent), Targeting High Profitability with Overwhelming Technical Capabilities Exceeding 90% Resolution Rate~

The Ureru Net Advertising Company Group, through its subsidiary Bitcoin Saver, has secured a significant cryptocurrency recovery project valued at approximately 1.5 billion JPY (151 BTC). This undertaking showcases the company's advanced recovery technology, boasting a resolution rate exceeding 90%, and represents a major step in their digital asset recovery business. The company views this as a key development for future expansion in the Web3 sector.

Source: prtimes.jp

Overseas Travel Boosts 5 Major Banks' Q1 Credit Card Spending to NT$904.6 Billion, Up 15% Year-on-Year

Driven by overseas travel, the credit card spending of Taiwan's five major issuing banks reached NT$904.6 billion in the first quarter, a 15% year-on-year increase. In March alone, total spending was NT$328.28 billion, up 23.43%. CTBC Bank maintained its lead with NT$84.6 billion in March, followed by Cathay United Bank with NT$83.1 billion. The World Baseball Classic and cherry blossom season in Japan significantly contributed to this growth.

Hsinchu County's Guanxi Township Plans to Distribute NT$3,600 Revitalization Fund Per Resident

Guanxi Township Office in Hsinchu County is drafting a self-governance ordinance to strengthen local resilience and promote development in response to international situations. The plan proposes distributing a NT$3,600 revitalization fund to each resident and an additional NT$2,000 to low-income households. The proposal will be submitted to the Township Council for deliberation, with a decision expected by the end of May.

US-Iran War Impacts Investment Income, 6 Major Life Insurers' March Profits Shrink Significantly

The outbreak of the US-Iran war heightened market uncertainty, causing bond yields to surge and impacting financial asset prices. This led to a significant 93% year-on-year drop in the March after-tax net profit of Taiwan's six major life insurance companies, totaling only NT$1.098 billion. Fubon Life and Nan Shan Life reported monthly losses. However, the first quarter overall still saw a 11% increase to NT$65.412 billion. Companies are managing through stable CSM amortization and recurring income, maintaining high foreign exchange fluctuation reserves.

13 Financial Holding Companies' Q1 Profits Up 30% Year-on-Year, Earning Over NT$188.2 Billion, Second Highest in History

Taiwan's 13 listed financial holding companies reported a combined after-tax profit of NT$188.201 billion in Q1 2026, a 31.04% increase year-on-year, marking the second-highest Q1 profit in history. This growth was driven by an active stock market and lower foreign currency funding costs. Several companies, including Fubon Financial, Cathay Financial, and CTBC Financial, achieved record-high Q1 profits. Despite some valuation losses due to Middle East tensions, overall performance remained strong.

Senno Therapeutics Accelerates Development of Cell Therapy Using iPS Cell-Derived Hepatoblast Cells

Senno Therapeutics, a Tokyo-based bioventure, is developing innovative cell therapies for fatal liver diseases using its proprietary allogeneic iPS cell-derived hepatoblast cells. Having raised 750 million JPY, the company plans to use the funds to advance non-clinical development and clinical trial preparations for its lead pipeline, SEN-001, aiming to address critical unmet medical needs in liver failure.

Source: prtimes.jp

Foreign Investors Buy NT$55.71 Billion in Taiwan Stocks, Market Value Hits New High

Taiwan stocks surged for the seventh consecutive day, pushing the total market value of listed and OTC companies to a new record of NT$129.5288 trillion. Foreign investors bought NT$55.71 billion, the 11th largest single-day net buy in history, heavily investing in ETFs, TSMC, and Hon Hai. TSMC's market capitalization reached NT$53.94 trillion, and Gigabyte's stock price also hit a new high.

Middle East Situation Shows Glimmer of Hope, New Taiwan Dollar Rises for 2nd Consecutive Day to Close at 31.65

Optimism in financial markets surged after US President Trump indicated the US-Iran conflict was nearing its end. This led to Taiwan stocks hitting a new record high, and the New Taiwan Dollar appreciating against the US dollar for the second consecutive day, closing at 31.65. Significant foreign capital inflows into Taiwan stocks provided support for the NTD, and most major Asian currencies also rebounded.

Investment in the Seed Round of Almure, Developer of Confidential Computing Security Infrastructure for Enterprise AI Agents

Genesia Ventures has invested in the seed round of Almure Inc., a company developing proprietary Confidential Computing technology to provide a secure platform for enterprise AI Agents. The 200 million yen raised will accelerate product development and strengthen the team to address the significant bottleneck of security compliance in enterprise AI adoption.

Source: prtimes.jp

Daiwa House Ventures Invests in Robot Developer 'ugo'

Daiwa House Ventures has invested in ugo Inc., a startup providing autonomous robots and management platforms. The investment aims to address labor shortages in security and inspection services at Daiwa House managed facilities.

Source: prtimes.jp

Almure, Combining Agentic AI and Confidential Computing Technology, Raises 200 Million Yen in Seed Funding

Almure Inc., a startup developing confidential computing technology for enterprise AI agents, has raised 200 million yen in a seed funding round. The funds will be used to accelerate research and product development aimed at structurally eliminating the high costs and bottlenecks associated with enterprise security compliance. By providing hardware-level isolated execution environments, Almure enables secure AI processing of highly sensitive data across various industries.

Source: prtimes.jp

Trump's Remarks Inspire Hopes for Peace, Asian Stocks Mostly Close Higher

Asian stock markets mostly closed higher and oil prices fell as investors gained hope for a second round of US-Iran talks and direct negotiations between Israel and Lebanon, easing tensions in the Middle East. US President Trump's comments about potential talks within two days boosted optimism for reopening the Strait of Hormuz and restoring oil flow. This positive sentiment led to a broad rally across Asian bourses.

AI Demand Drives New Orders, ASML Raises 2026 Full-Year Revenue Outlook

ASML, the world's largest chip manufacturing equipment supplier, raised its 2026 full-year revenue outlook due to sustained AI demand. Its first-quarter earnings exceeded market expectations, with 2026 revenue projected to be between 36 billion and 40 billion euros. ASML provides critical EUV equipment to major companies like TSMC, Nvidia, and Apple, and its stock has risen 40% this year. The company plans to ship 60 EUV machines in 2026 and 80 in 2027.

S&P Raises Taiwan's GDP Growth Forecast to 6.3%; Life Insurers' Middle East Exposure Manageable

S&P Global Ratings' subsidiary, Taiwan Ratings, today raised its forecast for Taiwan's GDP growth this year to 6.3%, primarily due to strong AI demand. It also stated that the exposure of rated life insurance companies in Taiwan to the Middle East conflict is manageable, capable of absorbing potential losses even under a stress scenario of a 15% impairment to their Middle East investment portfolio.

Japanet Expands US Pegasus CVC Fund to 30 Billion Yen

Japanet Holdings has increased its Corporate Venture Capital (CVC) fund size to 30 billion yen to accelerate global investments. The fund focuses on Generative AI, Physical AI, and Space Tech, having already invested in firms like SpaceX and OpenAI.

Source: prtimes.jp

April 15: Impact of US-Iran War on International Economy, Financial Markets, and Livelihoods

The US-Iran war significantly impacts the global economy. Japan announced $10 billion in financial aid to maintain oil and related material supplies in Asia. South Korea secured 273 million barrels of crude oil by year-end. Disruptions to oil and petrochemical transport have surged plastic prices, boosting demand for eco-friendly packaging. The US Producer Price Index (PPI) rose 4.0% year-on-year in March due to energy price hikes.

Yageo's Q2 Operations Look Good, Orders and Shipments Better Than Average, AI Proportion Rises

Passive component giant Yageo benefited from strong demand for AI applications, achieving a record-high net profit attributable to the parent company of NT$8.001 billion in Q1, up 18.5% QoQ and 44.7% YoY, with EPS of NT$3.9. Yageo expects Q2 revenue to grow moderately from Q1, with gross and operating profit margins slightly increasing. The proportion of AI-related revenue is projected to rise from 12-13% in Q4 2025 to 13-14% in Q1 this year, and further to 15% by year-end.

Yih Jia's Q1 Profit Under Pressure, Advances Optical Communication Overseas Layout

Yih Jia announced that Q1 revenue hit a new high for the period, but profit was under pressure due to rising raw material costs, increased short-term operating costs at its new Malaysian plant, and the appreciation of the RMB. However, the company is continuing to advance its optical communication and overseas layout, with the new Malaysian plant's benefits expected to gradually emerge in the second half of the year, indicating clear medium-to-long-term growth momentum. Yih Jia focuses on smart cockpits, optical communication, wearables, robotics, and drones, transforming into a module solution provider.

Central Bank: No Urgency for Retail Digital New Taiwan Dollar, Issuance Requires Legal Amendment or Special Law

Taiwan's Central Bank released a research report on Central Bank Digital Currency (CBDC), concluding there is no urgency to issue a retail digital New Taiwan Dollar due to the convenience of existing payment systems. However, if issued in the future, it would require amendments to the Central Bank Act or the enactment of a special law. The Central Bank is building a digital cash flow platform to verify technology feasibility and capacity, initially supporting digital voucher payments. For wholesale CBDC, a trial platform is being built to facilitate interbank token transfers and asset clearing.

Japan Announces $10 Billion Support for Asia's Energy Supply Chain, Equivalent to 1.2 Billion Barrels of Crude Oil

Japan announced financial support totaling approximately $10 billion (about 1.6 trillion yen) to help maintain the supply of oil and related materials in Asia. This initiative, called "Power Asia," was unveiled by Prime Minister Sanae Takaichi at the "Asia Net Zero Emission Community" (AZEC) meeting. The funds will be used for crude oil and petroleum product procurement, supply chain maintenance, energy reserve systems, and securing related minerals.

OTC: 2025 Board Remuneration Disclosure, 10 Companies Exceed NT$10 Million, Saint-Fun Ranks First

The Taipei Exchange (OTC) disclosed 2025 board remuneration for listed companies, with cleanroom manufacturer Saint-Fun leading at approximately NT$22.51 million, the only company to exceed NT$20 million. Ten companies had board remuneration over NT$10 million, with gaming giant IGS ranking second and financial firm Yuanta Futures third. Additionally, 22 companies, including Everlight Chemical, reported increased board remuneration despite declining profits.

Tianneng Green Energy plans to list on OTC in May, aiming for 50% annual increase in power sales in the next 2 years

Tianneng Green Energy, a renewable energy retailer, is scheduled to list on the OTC market in May. General Manager Tang Ya-sheng stated that the company has a full order book and expects power sales to increase by 50% annually over the next two years. In 2025, power sales reached approximately 420 million kWh, with revenue of NT$2.285 billion, net profit after tax of NT$59.69 million, and EPS of NT$4.01. Key clients include Micron, ASE Technology Holding, Winbond, King Yuan Electronics, and Chunghwa Telecom.

Sin-Yu Technology Enters NVIDIA and AMD Platforms, Plans to List on Emerging Stock Market at NT$112 Per Share on April 22

Passive component manufacturer Sin-Yu Technology plans to list on the emerging stock market on April 22 at a reference price of NT$112 per share. The company supplies inductor components to NVIDIA and AMD platforms, accelerating growth in the AI server market. AI-related revenue is expected to reach 47% in 2025 and nearly 60% this year. The Thailand factory is scheduled to begin mass production in Q1 2027.

US-Iran Talks Show Glimmer of Hope, Taiwan Stocks and Weighted Shares Continue to Set New Records

Prospects of renewed US-Iran negotiations have boosted global markets, with Taiwan's stock market reaching an intraday high of 37064.16 points and closing at a record 36722.14 points. Key weighted stocks like TSMC and Delta Electronics also hit new highs, with TSMC's market capitalization soaring to NT$53.94 trillion. Analysts anticipate continued profit growth for Taiwanese companies, especially in the AI supply chain, despite Middle East uncertainties. However, high margin financing levels suggest short-term risks.

HSBC Survey: 88% of Companies Adjust Capital Strategies Amid Market Volatility, AI and Tech Crucial for International Growth

According to a HSBC Group survey, 88% of companies have readjusted their capital allocation strategies due to increased market volatility. 50% of respondents believe that acquiring AI, key technologies, and related infrastructure will be most crucial for international strategies in the next three years. Furthermore, 94% of companies anticipate international growth opportunities, with 93% planning to increase cross-border trade and investment over the next five years. Taiwan is expected to attract international capital and connect Asia with the world, leveraging its strengths in semiconductor and ICT supply chains.

Active Taiwan Stock ETFs Become Mainstream, 5 Funds Launched Since April

Active ETFs are gaining traction in Taiwan, with 5 new active Taiwan stock ETFs launched or opened for subscription by various investment trust companies since April. Uni-President Asset Management's 00981A became the first active ETF to exceed NT$100 billion in market value. Since the FSC announced the opening of active ETFs at the end of 2024, over 25 active ETFs have been listed, with a total market value exceeding NT$270 billion.

White House Presidential Economic Report: US Imports from Taiwan to See Largest Annual Increase Globally in 2025

According to the White House's "2026 Presidential Economic Report," US bilateral trade patterns have undergone significant changes, with imports from China decreasing while imports from Taiwan surged by US$59.6 billion, marking the largest increase among all countries. This symbolizes US-Taiwan economic integration and strengthens economic and trade relations from the perspectives of innovation and economic security. Based on the "Agreement on Reciprocal Trade" announced in February 2026, Taiwan will invest at least US$250 billion in US semiconductor, energy, and AI projects, with an additional US$250 billion credit guarantee from the Taiwanese government for building semiconductor supply chains. This agreement modernizes US-Taiwan trade relations by expanding market access for US exports and eliminating trade barriers.

Ministry of Economic Affairs: Oil Prices Unlikely to Return to Pre-War Levels in Short Term Even if Middle East Conflict Cools

Taiwan's Ministry of Economic Affairs stated that international oil prices are unlikely to return to pre-war levels in the short term, even if the Middle East conflict de-escalates. The National Development Council anticipates limited impact on CPI if the conflict ends soon. CPC Corporation, Taiwan, assures stable domestic oil and gas supply through continuous resource allocation.

National Development Fund's NT$10 Billion Plan Imminent, National Development Council: Awaiting Ministry of Sports to Finalize Regulations

The National Development Fund's NT$10 billion plan to support sports industry development is awaiting the Ministry of Sports to finalize its investment management regulations. National Development Council Chairman Kung Ming-hsin stated that the Ministry of Sports is expected to complete the announcement of the investment management regulations by early May. After approval by the National Development Fund Management Committee, investments can commence. This initiative aims to transform the sports industry's long-standing reliance on subsidies into an investment-driven development model.

Soaring Oil Prices Lead to Mass Cancellations of International Flights During China's May Day Holiday

Numerous international flights from China, especially to Southeast Asia and Australia, have been canceled during the May Day holiday due to a sharp increase in aviation fuel costs. Fuel prices have doubled, but ticket prices have not adjusted accordingly, leading airlines to operate at a loss. Tensions in the Middle East are a major factor, with global aviation fuel averaging $209 per barrel.

World Bank Plans to Mobilize Billions to Aid War-Affected Nations, Exceeding Pandemic Response

World Bank President Ajay Banga announced plans to mobilize $80 billion to $100 billion over the next 15 months to assist countries severely impacted by the Middle East war, surpassing the $70 billion provided during the COVID-19 pandemic. Funds will be sourced through a 'crisis response window' and by reallocating existing program funds. The IMF has also lowered global growth forecasts, reflecting the war's significant economic impact.

US-Iran War Impacts Plastic Supply, Unexpectedly Boosting Demand for Eco-Friendly Packaging in Asia

The US-Iran War has severely disrupted the plastic raw material supply chain, causing prices to soar to a nearly four-year high. This disruption has unexpectedly created business opportunities for eco-friendly packaging companies in Asia, with inquiries for paper-based packaging tripling for some Korean cosmetic packaging firms. Japanese supermarkets anticipate shortages of plastic trays and bags, while some manufacturers plan price hikes of up to 30%.

Hsin Hsin: Market Generally Optimistic About China's First Quarter Economic Performance

China is about to announce its Q1 GDP figures, with the market generally optimistic about its performance, expecting a growth rate of around 4.8% to 5%. Despite the worsening Middle East situation leading to soaring oil prices, the direct impact on China's real economy has been relatively limited. Most banks and brokerages predict that China's Q1 economy will achieve a "good start" with accelerated growth. Goldman Sachs expects Q1 GDP growth of 5.5%, but due to upward revisions in oil price forecasts amidst the Middle East conflict, they lowered their Q2 GDP growth forecast to 4%.

Philadelphia Semiconductor Index Reaches New High, Taiwan Futures Night Session Sets Record; Analysts: Taiwan Stocks to Challenge New Highs

Amid expectations of progress in US-Iran negotiations, major US stock indices rose, with the Philadelphia Semiconductor Index hitting a new record. Consequently, the Taiwan Futures Index also reached a new high in night trading. The market is focusing on the long-term growth trend of the AI industry rather than geopolitical risks or inflation concerns, and Taiwan's stock market is expected to continue challenging new highs. Positive news from TSMC's investor conference is particularly anticipated to boost the AI supply chain and Taiwan stock performance.

【TXC Corporation】The company's self-reported profit and loss announcement for March 2026.

TXC Corporation announced its self-reported profit and loss for March 2026. Consolidated operating revenue for March was NT$1,108,321 thousand, a 2.7% increase YoY. Consolidated pre-tax profit was NT$195,091 thousand, a 17.0% decrease YoY, and pre-tax net profit attributable to owners of the parent was NT$195,146 thousand, a 17.1% decrease YoY. For the cumulative period from January to March 2026, consolidated operating revenue was NT$3,339,208 thousand, a 5.5% increase YoY, and consolidated pre-tax profit was NT$552,423 thousand, a 4.5% decrease YoY. EPS for March was NT$0.57, and cumulative EPS was NT$1.62.

Fubon Financial Holding Announces March 2026 Consolidated Preliminary Earnings

Fubon Financial Holding and its major subsidiaries have announced their consolidated preliminary earnings for March 2026. The report details the profit before tax, net profit attributable to owners, and earnings per share for each company during March and the period from January to March. Fubon Financial Holding's net profit attributable to owners for March was NT$2.57 billion, totaling NT$33.27 billion for the first three months, with an EPS of NT$2.37.

Cathay Financial Holding Announces March 2026 Consolidated After-Tax Net Profit

Cathay Financial Holding and its major subsidiaries have announced their consolidated after-tax net profit for March 2026. The report details the profit before and after tax, and earnings per share for each entity in March and the cumulative period from January to March. Cathay Financial Holding's after-tax net profit for March was NT$5.03 billion, totaling NT$31.66 billion for the first three months, with an EPS of NT$2.15.

Compuware Announces Cumulative Disposal of TSMC Shares Exceeding NT$300 Million Within One Year

Compuware announced information regarding the cumulative disposal of TSMC shares held within one year. The transaction involved selling 240,000 TSMC shares at an average price of NT$2,074.17 per share, totaling NT$497.8 million, with a disposal profit of NT$266.9 million. The cumulative holding of TSMC shares is 440,000, representing 4.55% of total assets.

Taiwan Glass Announces Material Information Due to Stock Price Reaching Attention Standards

Taiwan Glass announced financial and business information as its stock price reached the standard for disclosing important trading information. February consolidated self-reported revenue was NT$2.438 billion, down 17% year-over-year; pre-tax net profit was NT$128 million, up 174% year-over-year. Q4 reviewed consolidated revenue was NT$10.792 billion, down 7% year-over-year; pre-tax net profit was NT$442 million, up 854% year-over-year. The cumulative net loss for the last four quarters was NT$590 million.

Yageo Announces Q1 2026 Operating Results

Yageo Company announced its Q1 2026 operating results, with consolidated revenue reaching NT$38.166 billion, a 22.7% increase year-over-year, and net profit reaching NT$8.001 billion, a 44.7% increase year-over-year. Gross margin was 38.1%, and operating margin was 25.2%. Strong demand from AI-related applications was the main driver for revenue growth, and the company will address rising raw material prices by improving operational efficiency.

TPK-KY Announces Material Information Due to Stock Trading Exceeding Attention Threshold

TPK-KY is publishing material information as its securities have reached the standard for announced attention transaction information in the centralized trading market. The report shows that for March 2026, operating revenue was NT$6.257 billion, a 23.59% increase year-over-year. Profit before tax was NT$184 million, a 441.53% increase. Net profit for the period was NT$83 million, a 2041.34% increase. Earnings per share were NT$0.07. For the first quarter of 2026, operating revenue was NT$17.887 billion, up 30.53%; profit before tax was NT$546 million, up 88.20%; net profit was NT$746 million, up 416.06%; and EPS was NT$1.35.

D&M Company Announces Consolidated Investment Asset Balance (March 2026)

D&M Company announced its consolidated investment asset balance for March 2026. The total investment asset balance decreased by 29 million JPY from the previous month, reaching 9,494 million JPY. The number of bond purchasing companies decreased by one to 101 at the end of March. The company emphasizes its F&I services for medical and nursing care providers, which accounted for 50.1% of consolidated sales and 68.9% of gross profit in the fiscal year ending May 2025.

Source: prtimes.jp

Notice of DOE Target Increase (from 4% or more to '5% or more')

Ichigo announced on April 14, 2026, that its Board of Directors decided to raise the DOE (Dividend on Equity) target for its long-term vision 'Ichigo 2030' from the previous '4% or more' to '5% or more'. This change is expected to result in a dividend forecast of 15.5 yen for the fiscal year ending February 2027, an increase of 4 yen (+35%) from the fiscal year ending February 2026. This decision is based on record-high net income in the fiscal year ending February 2026 and projected record-high net income for the fiscal year ending February 2027, along with a steady accumulation of recurring revenue.

Source: prtimes.jp

IEA: Q2 Crude Oil Demand May See Largest Drop Since Pandemic

The International Energy Agency (IEA) announced that global crude oil demand in the second quarter could experience its largest decline since the COVID-19 pandemic in 2020. This is attributed to soaring oil prices due to Middle East conflicts and potential Strait of Hormuz blockades. Meanwhile, Russia's oil export revenues doubled to $19 billion in March.

Gimmy to List on Innovation Board in May, Optimizing Product Portfolio for Growth and Profit

Gimmy Biological Technology, a major gene sequencing company, is set to list on the Innovation Board in early May, with an initial offering price of NT$25 per share. General Manager Chiang Chun-chi stated that the company will optimize its product portfolio, increase the proportion of high-margin diagnostic products, and expand into the Asia-Pacific market. Gimmy aims for balanced growth and profitability, leveraging its DNA sequencing technology and multi-omics laboratories.

Sky-Trans: Order status is positive; revenue expected to hit record high this year.

Semiconductor equipment manufacturer Sky-Trans expects its revenue to reach a record high this year, driven by strong demand for AI and production expansion by its customers. The company is actively developing markets for advanced process and advanced packaging equipment and plans to establish factories in overseas markets, particularly in the United States.

Huawei, Apple Maintain Prices, Rank Top 2 in China's Q1 Mobile Phone Shipments

According to an Omdia report, China's smartphone market saw a 1% decline in Q1 2026, with 69.8 million units shipped. Despite rising memory prices leading some brands to increase prices, Huawei and Apple maintained their pricing, securing the top two spots. Huawei shipped 13.9 million units (20% market share), while Apple shipped 13.1 million units (19% market share).

Ludens AI Raises Approximately 600 Million Yen in Angel Round

Ludens AI announced it has successfully raised approximately 600 million yen in an angel round from CWB Capital, Linear Capital, and PKSHA Algorithm Fund. The company aims to accelerate product development, strengthen engineering talent acquisition, and promote business development with domestic and international partners. Ludens AI exhibited its robots "Cocomo" and "INU" at CES 2026, garnering significant global interest.

Source: prtimes.jp

Fuel Vehicle Restrictions, Rising Oil Prices Lead to Electric Scooter Shortage in Vietnam

Demand for electric scooters in Vietnam is surging due to upcoming fuel vehicle restrictions and rising oil prices, with some stores seeing sales increase 3 to 4 times since March. VinFast, a leading Vietnamese electric scooter manufacturer, reported record orders in March and is struggling to meet demand. Analysts suggest that transitioning from gasoline to electric motorcycles will take time, requiring further development of charging infrastructure and changes in consumer habits.

Yaoying Optoelectronics Plans May Listing, Targeting 12-inch Wafer Optical Coating Market

Yaoying Optoelectronics, a semiconductor wafer photosensitive filter process foundry, is expected to list on the stock exchange in May, with an offering price tentatively set at NT$65 per share. The company anticipates 12-inch wafer optical coating, AI glasses optical waveguide coating, and CPO silicon photonics connector low-reflection film to be its main growth drivers. In 2025, its total revenue was NT$426 million, with a net profit after tax of NT$44.86 million and EPS of NT$1.86.

Taiwan Stock Market Fluctuates at Highs, Q1 Sees Record Trading Accounts for Individual and Large Investors

In Q1 2026, the Taiwan stock market reached new highs, with the number of trading accounts for individual investors, mid-sized investors, and large investors all hitting record levels. In March, the number of trading accounts reached 6,235,182, a significant increase of approximately 1.5784 million from February. Individual investors accounted for 53.73% of the total market turnover in Q1, while foreign investors accounted for 35.19%. The market turnover rate in March significantly rose to 17.79%, with day trading accounting for 36.47% of turnover.

Be Forward, a cross-border EC site operator, announces record sales and units sold for the fiscal year ending December 2025.

BE FORWARD CO.,LTD. achieved record-high sales of 160.946 billion JPY and 190,000 used cars sold for the fiscal year ending December 2025. This is the first announcement since the fiscal year end changed from June 2024 to December. Amidst a depreciating yen and an expanding used car export market, the company strengthened partnerships with shipping companies and flexibly utilized RORO and container ships to maintain stable shipments despite logistics disruptions caused by the Middle East/Red Sea situation. To counter rising domestic auction prices due to the yen's depreciation, the company focused on procuring high-profit inventory and prioritized supply to Southeast African countries, Caribbean nations, and the UAE, leading to improved profitability.

Source: prtimes.jp

Monthly Used Condominium Trends: Prices in Central Tokyo Decline (March 2026 Results)

Mercury Co., Ltd. announced the latest distribution trends for used condominiums in March 2026. In Tokyo's 23 wards, 1,039 units were distributed, with an average price of 207.47 million yen per 70㎡, showing a price decline in central Tokyo. In Osaka City, 472 units were distributed, with an average price of 129.17 million yen, a significant increase compared to the same month last year and the previous month.

Source: prtimes.jp

Taishin Securities Order System Crashes, FSC: Investors' Losses Are Full Responsibility of Taishin Securities

Following the merger of Taishin Securities and Yuanta Securities, their trading app experienced system failures on April 7th and 14th, leading to investors being unable to receive transaction messages and placing duplicate orders. The Financial Supervisory Commission (FSC) stated that Taishin Securities must bear full responsibility for any investor losses and has ordered the Taiwan Stock Exchange to conduct an on-site inspection. The estimated amount of erroneous trades exceeds NT$100 million.

CTCI Private Placement of 45.099 Million Shares, Delta Electronics, TSRC Group, Ta Ya Participate in Subscription

CTCI Corporation is conducting a private placement of 45.099 million common shares, aiming to raise approximately NT$1.6 billion, with a price of NT$35.48 per share, a slight premium of 2.3% over today's closing price of NT$34.65. This move is intended to strengthen its financial structure and secure operating funds due to an accounts receivable issue from its subsidiary CTCIA. Strategic investors include Delta Electronics, TSRC Group, and Ta Ya Electric Wire & Cable. This alliance is expected to enhance CTCI's competitiveness in AI infrastructure, circular economy, net-zero, and Middle East reconstruction markets.

LINE Pocket Money Exceeds 300 Billion Yen in Cumulative Loans and 3 Million Applications

LINE Credit's smartphone loan service, 'LINE Pocket Money,' has surpassed 300 billion yen in cumulative loans and 3 million applications. To celebrate, a campaign offering up to 10,000 yen for first-time contracts and loans began on April 13, 2026, coinciding with the increased demand for funds during the new lifestyle season. The service is fully accessible via the LINE app and uses a unique AI-powered scoring system combined with traditional credit information for assessment.

Source: prtimes.jp

Market Expects US-Iran Negotiations to Continue, Asian Stocks Mostly Higher, Oil Prices Retreat

Asian stock markets mostly closed higher and oil prices retreated amid expectations of continued negotiations between the US and Iran. US President Trump's announcement of a call from Iran seeking talks fueled hopes for a deal to end the Middle East conflict and reopen the Strait of Hormuz. After an initial 8% surge following the US Navy's blockade announcement, oil prices gave back all gains. Major markets like Tokyo, Seoul, and Taipei saw significant rises, with the Taipei Weighted Index hitting a new historical high.

Yamasa Co., Ltd. Featured in '10 Billion Yen Company Growth Portal' - Aiming for 10 Billion Yen in Sales by FY2035 -

Yamasa Co., Ltd. has announced its '10 Billion Yen Declaration,' aiming to achieve 10 billion yen in sales by fiscal year 2035, and has been approved for Kochi Prefecture's '10 Billion Yen Company Registration System.' The company's growth strategies include strengthening its organizational foundation, deepening and expanding existing businesses, and enhancing employee welfare. Specifically, it plans to relocate and rebuild its headquarters and warehouse to higher ground by summer 2026 and introduce primary processing equipment to expand its business. Yamasa, with over 100 years of history, is also focusing on improving employee benefits, such as increasing child allowances from 5,000 yen to 20,000 yen per child per month, aiming to contribute to regional development.

Source: prtimes.jp

Ministry of Finance: Land Value Increment Tax Revenue Declines 12.7% in First 3 Months; Taichung City Sees Steepest Drop Among Six Major Cities

The Ministry of Finance announced that Land Value Increment Tax revenue for March fell by 12.7% year-on-year to NT$6.1 billion, the lowest for the same month since 2010. Cumulatively, revenue for the first three months was NT$16.6 billion, a 15.7% decrease from the previous year. Among the six special municipalities, Taichung City experienced the most significant decline, with a 47.2% year-on-year drop in March.

Tong Hsing Electronic Raises Annual Performance Forecast, Boosted by AI Optical Communication and Ceramic Substrates

Tong Hsing Electronic's President, Lu Shao-Ping, expects Q2 revenue to grow by a high single-digit percentage sequentially and has revised the full-year performance growth forecast upward. The main growth drivers are high-frequency fiber optic communication modules, ceramic substrates for AI data centers, and automotive and mobile imaging products. The company plans a capital expenditure of NT$1 billion to NT$1.4 billion for the year and will expand its Philippine plant's capacity for ceramic substrates and power semiconductor packaging.

Foreign Investors Net Buy NT$68.9 Billion, 5th Largest in History, Targeting Formosa Plastics Group and Panel Stocks

Driven by easing US-Iran tensions, the Taiwanese stock market closed at a new record high of 36,296.12 points on the 14th. Foreign investors made a net purchase of NT$68.908 billion, the fifth-largest in history, primarily targeting panel makers AUO and Innolux, as well as stocks of the Formosa Plastics Group. TSMC and ASPEED also hit new highs, leading the overall market rally.

Hot Money Pours In, Stocks and Forex Surge; New Taiwan Dollar Closes at 31.69, a More Than 1-Month High

As the U.S. and Iran consider new negotiations, risk-off sentiment has cooled, leading to a significant inflow of hot money into Taiwan. On the 14th, the TAIEX hit an intraday record high of 36,341.44 points, closing at 36,296.12. Foreign investors' net single-day purchase reached NT$68.908 billion, the fifth largest in history. Spurred by this, the New Taiwan Dollar also strengthened by 9.5 cents against the US dollar, closing at 31.69, its highest point in over a month.

[LENDEX] March 2026 Operation Report | Total Solicited Amount Reaches 1.40712 Billion Yen, Total Repayment Amount Reaches 1.24236 Billion Yen

LENDEX Co., Ltd., which operates the loan-type crowdfunding platform "LENDex," announced its March 2026 operation report. In March, the total solicited amount reached 1.40712 billion yen across 22 projects, and the total repayment amount was 1.24236 billion yen. Amidst continued financial market instability, interest in loan-type crowdfunding as an asset management option without principal fluctuation risk is growing. LENDex offers an expected annual yield of 6-10% (pre-tax) and allows investments from 20,000 yen.

Source: prtimes.jp

Diesel Prices Soar, Some Estonians Switch to Cooking Oil as Fuel

Due to rising global diesel prices caused by conflicts in the Middle East, some Estonian citizens have begun using edible vegetable oil as vehicle fuel. According to ERR, cooking oil is less than half the price of diesel. This trend is observed among owners of older diesel vehicles with simpler engine structures. However, challenges include difficulty starting in cold weather and the need to mix with some diesel.

Hong Kong Chief Executive: Over 500 Companies Queue for IPOs in Hong Kong

Hong Kong Chief Executive John Lee announced that over 500 companies, including those in AI, semiconductors, robotics, autonomous driving, and biotechnology, are currently seeking IPOs in Hong Kong. In March, the average daily turnover of Hong Kong stocks reached nearly US$39 billion, an 8% increase year-on-year, and IPO fundraising exceeded US$14 billion by the end of March, ranking first globally. China's 15th Five-Year Plan (2026-2030) also supports Hong Kong's development as an international financial center.

Middle East Conflict Impacts: China's March Exports Slow to 5-Month Low

China's General Administration of Customs announced on April 14, 2026, that March exports increased by 2.5% year-on-year (in USD), a significant slowdown of 37.1 percentage points from February, marking a 5-month low. Imports, however, rose by 27.8% year-on-year, up 14 percentage points from February. The slowdown in exports is attributed to rising fuel and transportation costs due to the Middle East conflict, also reflected in decreased crude oil and natural gas imports. Customs spokesperson Lü Daliang stated that China's import growth is due to proactive market opening and strengthened industrial cooperation.

Caught Off Guard: Fertilizer Costs Soar Due to War, Doubling Pressure on US Farmers

On April 13, 2026, rising fertilizer costs due to the Middle East war are severely impacting US farmers. Andy Corriher and Russell Hedrick, farmers in North Carolina, face simultaneous increases in fertilizer and diesel prices. The blockade of the Strait of Hormuz has caused urea prices to jump by approximately 50% in New Orleans. Many farmers are forced to cut fertilizer use, raising concerns about crop yields. Agriculture Secretary Brooke Rollins noted that 80% of farmers had secured fertilizer in advance, but this is ironic for those lacking funds or storage capacity.

Cathay Securities Sees 95% Increase in Minor Account Openings This Year, Early Financial Planning Layout

On April 14, 2026, Cathay Securities announced that as of early April this year, the number of minor account openings exceeded 160,000, a 95% year-on-year increase. This trend indicates parents are proactively planning their children's finances, with new accounts concentrated among children under 6 years old. Market-cap ETFs are the primary investment choice, with Yuanta Taiwan 50 accounting for over 50% of holdings, followed by Cathay Sustainable High Dividend.

National Securities Corp. emphasizes stable operations amidst board re-election dispute

National Securities Corp. issued a statement emphasizing its commitment to stable operations amid an over-nomination situation for its board re-election. The company highlighted its long-term investment return rate (TSR) as being among the top in the financial holding industry. For January to March 2026, its after-tax net profit increased by 123.34% year-on-year to NT$890 million, with an EPS of NT$0.25. The company also stressed its diversified shareholder structure and excellent corporate governance ratings.

April Electronics and Financial Futures Both Rise

On April 14, 2026, the Taipei stock market rose by 838.83 points to close at 36296.12 points. April electronics futures closed at 2295.65 points, up 64.95 points, while April financial futures closed at 2477.6 points, up 27.4 points. Electronics spot prices rose by 58.97 points to 2289.64 points, and financial spot prices rose by 25.11 points to 2475.81 points. The April electronics futures maintained a positive spread of 6.01 points against the spot, and April financial futures had a positive spread of 1.79 points.

Taishin Securities: Error Account Amount Exceeds NT$100 Million, Awaiting Further Reconciliation

Taishin Securities, after merging with Yuanta Securities, experienced system anomalies leading to investor complaints about order placement and cancellation issues. Market rumors suggest an error account amount exceeding NT$100 million, which Taishin Securities is investigating and will reconcile with customers after market close. The company stated that systems are back to normal and customer rights are unaffected. The merger on April 6th made it Taiwan's 4th largest securities brokerage.

Taiwan Stock Market Rises 838.83 Points, Closes at New High of 36296.12 Points

On April 14, 2026, the Taiwan Stock Exchange's Taiex index surged by 838.83 points to close at a record high of 36296.12 points. This rise was primarily driven by TSMC, which closed at NT$2055 (up NT$65) with a market capitalization of NT$53.29 trillion, contributing approximately 516 points to the overall market, and Etron Technology, which closed at NT$13005 (up NT$825). Other electronics stocks like Hon Hai, MediaTek, Largan Precision, and Taimac also saw gains, pushing the electronics sector index up by 2.64%. Traditional industry stocks and financial stocks also generally rose, with total market turnover reaching NT$971.731 billion.

Taiwan Stock Exchange Rises 838.83 Points

On April 14, 2026, the Taipei stock market closed higher, gaining 838.83 points to reach 36296.12 points, a 2.37% increase. The total transaction value for the day was NT$971.731 billion. The weighted index opened at 35584.09 points, with an intraday high of 36341.44 points and a low of 35584.09 points.

Taiwan Stock Market Surges 838 Points to New High of 36296 Points; TSMC, Aspeed Reach Record Prices

On April 14, 2026, Taiwan's Taiex index closed at a record high of 36296.12 points, gaining 838.83 points, with a total transaction value of NT$971.731 billion. Taiwan Semiconductor Manufacturing Company (TSMC) closed at NT$2055, up NT$65, pushing its market capitalization to NT$53.29 trillion and contributing approximately 516 points to the overall market. Aspeed Technology also hit a new high, closing at NT$13005, up NT$825. Other electronic stocks like Hon Hai Precision Industry, MediaTek, and Taiming Technology also rose, leading to a 2.64% increase in the overall electronic sector index.

LVMH Q1 Sales Decline 6%, Middle East Conflict Impacts Performance

Global luxury group LVMH's Q1 (January-March) 2026 sales were 19.1 billion Euros, a 6% decrease year-on-year. Excluding currency fluctuations and business changes, organic growth was 1%. The company stated that geopolitical conflicts in the Middle East, specifically the "war launched by the United States and Israel against Iran," negatively impacted performance, leading to a -1% internal growth. The Middle East accounts for approximately 6% of LVMH's total sales. LVMH CFO Cecile Cabanis noted that while the full impact is unclear, wealth has not disappeared. The Chinese market maintained solid growth in Q1.

CRIF: Led by Winbond and E Ink, Taiwan's Mid-sized Groups' Total Assets Reach Record NT$2.8 Trillion

A CRIF report indicates that in 2024, Taiwan's mid-sized groups, led by Winbond and E Ink, achieved record highs in total assets (NT$2.8925 trillion), total revenue (NT$1.8042 trillion), and net profit after tax (NT$142.6 billion). These groups outperformed larger counterparts in revenue growth and asset performance, actively expanding into markets like the US, Canada, Mexico, China, and ASEAN.

Middle East Conflict Impacts Oil Market, Qantas Warns of Significant Fuel Cost Increase

Due to the Middle East conflict, aviation fuel prices have surged, leading Qantas Airways to project an increase of up to A$800 million in fuel costs for the second half of the year. The airline noted that fuel prices remain highly volatile, with expected aviation fuel costs for the second half of 2026 reaching A$3.1 billion to A$3.3 billion. In response, Qantas is raising fares and reallocating flights to high-demand routes, such as Europe.

Nanya PCB: Operational Performance to Further Improve This Year, Expanding AI Server Substrate Production

Nanya PCB Chairman Chou Ming-jen expects the company's 2026 operational performance to surpass 2025, driven by the growth of AI-driven cloud and edge computing applications. Nanya PCB continues to expand its IC substrate and PCB product applications for AI servers and high-end switches. In IC substrate product development, Nanya PCB is deepening its layout in high-end computing substrates for GPUs, 1.6T switches, custom ASICs (TPUs), and embedded capacitor chips. For automotive electronics substrates, it has completed the development of high-end automotive control chip IC substrates. For mobile device application substrates, it is developing products for next-generation mobile devices and edge AI computing. For general PCBs, it is focusing on new generation mobile device interposers, high-end laptops, server solid-state drives, and LED light beads, actively expanding AI server-related products, and stably mass-producing PCBs for high-end GPU display cards and network cards. External challenges include the impact of US reciprocal tariffs on end-demand and the expansion of US export controls on semiconductors to China, leading to supply chain regionalization and increased operating costs. Opportunities arise from Taiwan's semiconductor supply chain's technological leadership and cluster effects, as well as cloud service providers (CSPs) accelerating independent ASIC development in response to growing customized big data AI computing demand.

Taiwan Stock Index Futures Night Session First Reaches 36000 Points; Institutions: Taiwan Stocks Expected to Challenge New High

Despite a slight dip in TSMC's ADR, Taiwan's stock index futures night session surged 567 points to a record 36027, signaling potential new highs for the Taiwan stock market. This follows a positive close for major US indices, fueled by President Trump's comments on Iran. Key Taiwanese companies like Nanya Tech, Silicon Motion, and AUO also reported significant developments.

Jourdeness-KY: Announcement by Subsidiary Jourdeness International Co., Ltd. Regarding Endorsement and Guarantee in Accordance with Article 25, Paragraph 1, Subparagraph 4 of the Regulations Governing Loaning of Funds and Endorsements/Guarantees by Public Companies

Jourdeness International Co., Ltd., a subsidiary of Jourdeness-KY, provided a new endorsement and guarantee of NT$600,000 thousand on April 14, 2026, for its parent company, Jourdeness Group Co., Ltd., to facilitate the issuance of secured convertible corporate bonds. This increases the outstanding endorsement and guarantee balance to NT$759,025 thousand. The total endorsement and guarantee limit is NT$1,635,735 thousand, with the current balance representing 46.40% of the public company's net worth in its most recent financial report.

[Dinggu-KY] Announcement by subsidiary Dinggu Real Estate Co., Ltd. on cumulative acquisition of securities exceeding NT$300 million.

Dinggu Real Estate Co., Ltd., a subsidiary of Dinggu-KY, announced the cumulative acquisition of Meta Platforms, Inc. shares exceeding NT$300 million from September 12, 2024, to April 14, 2026. The total transaction amount was US$9,475,848.31 (approximately NT$300,454,361), with an average acquisition price of US$549.93 per share. The current holding is 14,231 shares, totaling US$8,057,105.40 (approximately NT$254,590,307), representing a 0.00056% stake. This investment is for capital utilization.

Crystal Precision (3042 TT) Discloses Significant Financial and Business Information Due to Reaching Attention Trading Information Standard in Centralized Securities Exchange Market

Crystal Precision (3042 TT) has disclosed its financial and business information as required by the Taiwan Stock Exchange due to reaching the attention trading information standard. The company reported unaudited consolidated revenue of NT$1,108 million for March 2026, with a pre-tax net profit of NT$195 million and EPS of NT$0.47. For Q4 2025, consolidated revenue was NT$3,324 million, pre-tax net profit NT$588 million, and EPS NT$1.33. Full-year 2025 consolidated revenue reached NT$13,349 million, with pre-tax net profit of NT$2,200 million and EPS of NT$5.28.

Hua Nan Financial Holdings Announces Unaudited Earnings for March 2026

Hua Nan Financial Holdings announced its unaudited earnings for March 2026. Consolidated pre-tax net profit was NT$3.155 billion, and consolidated after-tax net profit was NT$2.558 billion. Cumulative consolidated pre-tax net profit reached NT$9.325 billion, with after-tax net profit of NT$7.660 billion, and EPS of NT$0.55. Its main subsidiary, Hua Nan Bank, also reported strong performance.

Bright LED Electronics (3031 TT) Discloses Significant Financial and Business Information Due to Reaching Attention Trading Information Standard in Centralized Securities Exchange Market

Bright LED Electronics (3031 TT) has disclosed its financial and business information as required by the Taiwan Stock Exchange due to reaching the attention trading information standard. The company reported unaudited consolidated revenue of NT$121.4 million for March 2026, with a pre-tax net profit of NT$9.7 million and EPS of NT$0.03. For Q4 2025, consolidated revenue was NT$308.3 million, pre-tax net profit NT$35.3 million, and EPS NT$0.20. Full-year 2025 consolidated revenue reached NT$1,142.0 million, with pre-tax net profit of NT$250.6 million and EPS of NT$1.09.

【First Financial Holding】Announcement of the Company and its Major Subsidiaries' Self-Audited Consolidated Earnings for March 2026

First Financial Holding Co., Ltd. announced its self-audited consolidated earnings for March 2026. The after-tax profit for First Financial Holding in March was NT$2.711 billion, with cumulative after-tax profit reaching NT$8.244 billion and cumulative EPS of NT$0.57. Its major subsidiaries, First Bank, First Securities, and First Life Insurance, also reported their respective performances.

Ruentex Development Co., Ltd. Signs Settlement Agreements for "Ruentex Feng Zuo An Public Facilities Renovation Project" and "Ruentex Feng Zuo An Exterior Stone Slabs"

Ruentex Development Co., Ltd. has signed settlement agreements with its subsidiary, Ruen Der Interior Design Engineering Co., Ltd., for the "Ruentex Feng Zuo An Public Facilities Renovation Project" and "Ruentex Feng Zuo An Exterior Stone Slabs." The final total amount for the public facilities renovation project is NT$191,109,878 (tax exclusive), and for the exterior stone slabs is NT$30,481,425 (tax exclusive). This transaction is a related party transaction.

【Pa Ho】Announcement of the Company's Self-Audited Consolidated Profit and Loss Information for March 2026

Taiwan Pa Ho Industrial Co., Ltd. announced its self-audited consolidated profit and loss information for March 2026. Consolidated operating revenue for March 2026 was NT$1,500,394 thousand, and consolidated after-tax net profit was NT$160,187 thousand. The cumulative basic EPS from January to March 2026 was NT$0.87, representing a 43.2% decrease compared to the same period last year.

CTBC Financial Holding Co., Ltd. Announces Unaudited Earnings for March 2026 for the Company and Major Subsidiaries

CTBC Financial Holding Co., Ltd. (CTBC Holding) announced its unaudited earnings for March 2026 for the company and its major subsidiaries. CTBC Holding's pre-tax profit for March was NT$9.085 billion, and after-tax profit attributable to owners of the parent was NT$7.577 billion. For the cumulative period from January to March, pre-tax profit was NT$28.299 billion, after-tax profit attributable to owners of the parent was NT$23.104 billion, and after-tax EPS was NT$1.18. Major subsidiaries, CTBC Bank and Taiwan Life, also showed strong performance.

【Guang Sheng】Announcement from Guang Sheng Co., Ltd. regarding the exercise of bond redemption right for its Domestic Second Unsecured Convertible Corporate Bonds (Abbreviation: Guang Sheng II, Code: 64422) and the termination of OTC trading on June 12, 2026.

Guang Sheng Co., Ltd. will exercise its bond redemption right for the Domestic Second Unsecured Convertible Corporate Bonds at 100% of the bond's face value. Redemption notices will be sent on May 13, 2026, with the redemption period from May 13 to June 11, 2026. The bonds will cease OTC trading on June 12, 2026, and redemption payments will be made on June 23, 2026.

Ta-Ya Electric Wire & Cable Co., Ltd. Acquires Private Placement Common Shares of CTCI Corporation

Ta-Ya Electric Wire & Cable Co., Ltd. acquired 8,455,000 private placement common shares of CTCI Corporation at NT$35.48 per share, totaling NT$299,983,400. This transaction occurred on April 14, 2026, with the payment period from April 15, 2026, to April 29, 2026, at 3:30 PM. Following this acquisition, Ta-Ya's cumulative holding in CTCI Corporation reached 9,951,256 shares, representing a 1.05% stake. The acquisition is based on overall operational planning needs.

【Large Amount】The company's securities have reached the standard for public disclosure of attention-requiring trading information in the centralized trading market, thus disclosing relevant financial and business information for investors' understanding.

Large Amount has disclosed relevant financial and business information as its securities reached the standard for public disclosure of attention-requiring trading information in the centralized trading market. For March 2026, revenue was 773 million, pre-tax net profit was 224 million, net profit attributable to parent company owners was 150 million, and EPS was 1.68 NTD. For Q4 2025, revenue was 1549 million, pre-tax net profit was 313 million, net profit attributable to parent company owners was 236 million, and EPS was 2.68 NTD. The cumulative figures for the most recent four quarters (Q1 2025 to Q4 2025) show revenue of 5078 million, pre-tax net profit of 971 million, net profit attributable to parent company owners of 716 million, and EPS of 8.13 NTD.

【Opti-Crystal】The company's securities have reached the standard for public disclosure of attention-requiring trading information in the centralized trading market, thus disclosing relevant financial and business information for investors' understanding.

Opti-Crystal has disclosed relevant financial and business information as its securities reached the standard for public disclosure of attention-requiring trading information in the centralized trading market. For March 2026, revenue was 1013 million, pre-tax net profit was 420 million, net profit attributable to parent company owners was 312 million, and EPS was 4.02 NTD. For Q4 2025, revenue was 2999 million, pre-tax net profit was 944 million, net profit attributable to parent company owners was 733 million, and EPS was 9.57 NTD. The cumulative figures for the most recent four quarters (Q1 2025 to Q4 2025) show revenue of 10527 million, pre-tax net profit of 2378 million, net profit attributable to parent company owners of 1779 million, and EPS of 23.46 NTD.

【Arise Precision】The company's securities have reached the standard for public disclosure of attention-requiring trading information in the centralized trading market, thus disclosing relevant financial and business information for investors' understanding.

Arise Precision has disclosed relevant financial and business information as its securities reached the standard for public disclosure of attention-requiring trading information in the centralized trading market. For February 2026, revenue was 256 million, pre-tax net profit was 44 million, net profit for the period was 37 million, and EPS was 0.55 NTD. For Q4 2025, revenue was 616 million, pre-tax net profit was 41 million, net profit for the period was 29 million, and EPS was 0.43 NTD. The cumulative figures for the most recent four quarters (Q1 2025 to Q4 2025) show revenue of 2,397 million, pre-tax net profit of 170 million, net profit for the period of 128 million, and EPS of 1.91 NTD.

【Liufangke-KY】The company's securities have reached the standard for public disclosure of attention-requiring trading information in the centralized trading market, thus announcing relevant significant financial and business information for investors' understanding.

Liufangke-KY disclosed significant financial and business information due to reaching the disclosure standard for attention-requiring trading information. In March 2026, monthly revenue was NT$179 million (+9.49% YoY), pre-tax net profit was NT$48 million (+58.21% YoY), and EPS was NT$1.57 (+60.20% YoY). However, for Q4 2025, pre-tax net profit decreased to NT$28 million (-30.84% YoY) and EPS to NT$0.90 (-29.69% YoY). The full-year 2025 EPS was NT$4.13.

【Taishin Technology】The company's securities have reached the standard for public disclosure of attention-requiring trading information in the centralized trading market, thus announcing relevant significant financial and business information for investors' understanding.

Taishin Technology disclosed significant financial and business information due to reaching the disclosure standard for attention-requiring trading information. In March 2026, monthly revenue was NT$1,193 million (+15.78% YoY), but pre-tax net profit decreased to NT$60 million (-58.82% YoY), and EPS decreased to NT$0.16 (-58.82% YoY). For Q4 2025, revenue was NT$3,269 million (+4.86% YoY), and pre-tax net profit was NT$382 million (-23.15% YoY). The full-year 2025 EPS was NT$1.58.

【Hiwin Mikrosystem】The company's securities have reached the standard for public disclosure of attention-requiring trading information in the centralized trading market, thus announcing relevant significant financial and business information for investors' understanding.

Hiwin Mikrosystem disclosed significant financial and business information due to reaching the disclosure standard for attention-requiring trading information. In February 2026, monthly revenue was NT$255 million (+22% YoY), pre-tax net profit was NT$40 million (+29% YoY), net profit attributable to owners of the parent was NT$25 million (+10% YoY), and EPS was NT$0.21 (+10% YoY). For Q4 2025, pre-tax net profit significantly increased to NT$108 million (+119% YoY), and net profit attributable to owners of the parent increased to NT$90 million (+174% YoY). The full-year 2025 EPS was NT$2.01.

【Kuan Hsi Electric】Due to the company's securities reaching the standard for public disclosure of attention-requiring trading information in the centralized market, relevant financial and business significant information is announced to facilitate investors' understanding and differentiation.

Kuan Hsi Electric announced significant financial and business information as required by the Taiwan Stock Exchange. In February 2026, revenue was 35 million, pre-tax net profit was (21) million, and EPS was (0.12). For Q4 2025, revenue was 117 million, pre-tax net profit was (80) million, and EPS was (0.73).

YIQUAN (2486 TT) Discloses Significant Financial and Business Information Due to Reaching Attention Trading Information Standard in Centralized Securities Exchange Market

YIQUAN (2486 TT) has disclosed its financial and business information as required by the Taiwan Stock Exchange due to reaching the attention trading information standard. The company reported unaudited consolidated revenue of NT$615 million for March 2026, with a pre-tax net profit of NT$42 million and EPS of NT$0.15. For Q1 2026, consolidated revenue was NT$1,620 million, pre-tax net profit NT$91 million, and EPS NT$0.31. For the latest four quarters (Q2 2025 to Q1 2026), consolidated revenue reached NT$6,315 million, with pre-tax net profit of NT$164 million and EPS of NT$0.54.

Mercuries Life Insurance Co., Ltd. Corrects Revenue Announcements for 2025 and Jan-Feb 2026

Mercuries Life Insurance Co., Ltd. announced corrections to its monthly operating revenue information and various product business revenue statistics for January and February 2025, and January and February 2026. The 2025 corrections were due to adjustments for lapsed policies, while the 2026 corrections reflected changes in actuarial assumptions for disability care insurance.

Chateau International Development Co., Ltd. Announces Unaudited Consolidated Profit and Loss for March 2026

Chateau International Development Co., Ltd. announced its unaudited consolidated profit and loss for March 2026. For March, consolidated operating revenue was NT$45,504 thousand, consolidated pre-tax loss was NT$(12,750) thousand, and net loss attributable to owners of the parent was NT$(11,886) thousand, with an EPS of NT$(0.08). These figures are unaudited.

[CTCI] The Board of Directors resolved on matters related to the pricing of the first private placement of common shares in 2025 and announced the subscribers.

CTCI's Board of Directors set April 14, 2026, as the pricing date for its first private placement of common shares in 2025. The private placement price was set at NT$35.48 per share, 100% of the reference price. Delta Electronics, Taiwan Union Chemical Corp., Asia Polymer Corporation, and Ta-Ya Electric Wire & Cable Co. will subscribe to a total of 45,099,000 shares. The funds will be used to replenish working capital and meet the group's long-term development needs.

Ruentex Development Co., Ltd. Signs Construction Material Purchase and Settlement Agreements

Ruentex Development Co., Ltd. signed a construction material purchase agreement for 'Ruentex Elite Collection Materials' with its subsidiary, Ruentex Materials Co., Ltd., totaling NT$27,245,991. The company also entered into settlement agreements for 'Ruentex Feng Zuo An Construction Materials (Soundproof Flooring)' and 'Ruentex Feng Zuo An Construction Materials (Maitenai Masonry Materials)', with adjusted totals of NT$16,722,300 and NT$39,407,740 respectively. These related-party transactions were approved by the board and audit committee on April 14, 2026.

Taiwan Cooperative Financial Holding Co., Ltd. announces its and its major subsidiaries' unaudited consolidated earnings for March 2026

Taiwan Cooperative Financial Holding Co., Ltd. and its major subsidiaries announced their unaudited consolidated earnings for March 2026. Cooperative Financial Holding's consolidated pre-tax net profit was NT$2.445 billion, and after-tax net profit was NT$1.955 billion, with cumulative after-tax EPS of NT$0.36. Cooperative Bank's consolidated pre-tax net profit was NT$2.338 billion, and after-tax net profit was NT$1.868 billion.

Strait of Hormuz Tensions Rise, Brazil's Crude Oil Importance Grows

Amidst heightened tensions in the Strait of Hormuz due to a US blockade of Iranian ports, and international oil prices nearing $100 per barrel, Brazil's crude oil is gaining global significance. This is largely driven by a substantial increase in Chinese procurement, positioning Brazil as a key player in the global energy supply chain. However, Brazil faces the dual challenge of geopolitical risks and soaring domestic fuel prices, prompting government intervention with tax cuts and subsidies.

Marui Group Utilizes Securitize Platform for Green Bond Issuance

Securitize Japan announced that the Securitize platform was used for the green bond (digital corporate bond) issued by Marui Group for Epos Card members. This marks the fifth digital corporate bond issuance by Marui Group. The issuance amount is approximately 160 million yen, issued on March 12, 2026, with an annual interest rate of 2% (1.0% cash, 1.0% Epos points).

Source: prtimes.jp

Delta Electronics' Thai Subsidiary Acquires Machinery and Equipment

Delta Electronics announced that its subsidiary, Delta Electronics (Thailand) Public Company Limited, acquired machinery and equipment totaling approximately US$32.9 million. Additionally, Delta Electronics announced a cash dividend of US$300 million from its subsidiary, Delta Electronics Int'l (Singapore) Pte. Ltd., with an ex-dividend date of April 13. Delta Electronics' March revenue reached a new high of NT$59.779 billion, and its Q1 revenue totaled NT$159.352 billion.

Damiani: Further Progress, Strong Growth Continues in 2025

The Damiani Group achieved strong growth, exceeding 400 million euros in sales, in the fiscal year ending March 31, 2026, outperforming overall market trends. The company enhanced brand recognition by appointing I.N from K-POP boy group Stray Kids as a global ambassador. Furthermore, it expanded its hard luxury portfolio through the acquisition of Baume & Mercier from Richemont and Laboratorio Carraro S.r.l. to strengthen manufacturing technology.

Source: prtimes.jp

Rongcheng Electric: Military-Industrial Revenue to Reach 50% This Year, Plans Thailand Factory Investment

Industrial computer manufacturer Rongcheng Electric announced at an investor conference that its military-industrial business is projected to exceed 50% of total revenue this year, driven by increased global defense budgets. The company plans to invest in a factory in Thailand to produce low-end, high-volume products. Rongcheng Electric also reported record-high consolidated revenues for March (NT$352 million, +13.7% YoY) and Q1 (NT$947 million, +18.2% YoY). The company aims to enter the low-earth orbit satellite application market through a joint venture. Despite an anticipated Q1 gross margin dip to 37% due to memory price hikes, it expects a rebound from Q2, targeting a full-year gross margin of 39.85%.

Huang Nan-chou: E.SUN FHC's Q1 Profit Exceeds NT$10 Billion, Setting New Record Due to Expanded Interest Margins

E.SUN Financial Holding's Q1 profit surpassed NT$10 billion for the first time, driven by expanded interest margins and strong performance in securities, investment trusts, and venture capital subsidiaries. The company is also focusing on integrating San-Shang Life Insurance and expanding its "Golden Seed Project" to build libraries overseas.

Taiwan's National Stabilization Fund Reports NT$8.05 Billion Net Profit in Q1, Remains Unchanged

Taiwan's National Stabilization Fund reported a net profit of over NT$8.05 billion in the first quarter, after concluding its market stabilization mission in January. As of the end of March, its stock holdings were valued at NT$3.56 billion, with unrealized capital gains of NT$1.27 billion. The fund noted that the Taiwan Stock Exchange Weighted Index rose 16% after its withdrawal, indicating no negative impact on the market. Amidst geopolitical tensions and rising energy prices, the fund will continue to monitor domestic and international economic changes.

US-Iran Talks Fail, Risk Aversion Rises Again, New Taiwan Dollar Ends 4-Day Appreciation Streak

On April 13, 2026, the New Taiwan Dollar (NTD) depreciated by 5.9 cents against the US Dollar, closing at 31.785, ending a four-day appreciation streak. This was due to renewed risk aversion following the failure of US-Iran ceasefire talks and a subsequent rise in the US Dollar index, which weakened most Asian currencies. The total transaction volume in the Taipei and Yuanta foreign exchange markets was US$2.0025 billion. Despite the Taiwan stock market reaching a new closing high of 35457.29 points, foreign investors withdrew NTD 16.13 billion, contributing to the NTD's depreciation pressure. The Central Bank stated its intention to stabilize the foreign exchange market to mitigate imported inflation, with foreign exchange traders expecting the NTD to trade between 31.7 and 32.1 this week. Concerns about rising international oil prices and their potential negative impact on industries and the economy persist.

Middle East Conflict Exacerbates Financial Vulnerabilities in Developing Nations; Experts Urge IMF for Swift Aid

The ongoing Middle East conflict has led to a 35% increase in fuel prices in Sri Lanka, impacting its tourism sector. Analysts warn that rising energy costs threaten to push financially vulnerable low-income countries like Sri Lanka, Egypt, and Pakistan back into crisis due to their reliance on imported energy. Sri Lanka is negotiating with the IMF for relaxed bailout terms and has reinstated fuel subsidies. IMF Managing Director Kristalina Georgieva announced on April 9 that the IMF is prepared to provide $20-50 billion in emergency support. Rising oil prices (up to 40%) and potential reductions in remittances from Gulf workers are creating dual economic pressure, leading to currency depreciation (e.g., Egyptian Pound down over 10%) and increased costs for dollar-denominated imports and debt servicing. Former Pakistan central bank governor Reza Baqir emphasized the urgent need for IMF to provide a credible safety net for these nations.

Foreign Investors Shift from 4 Consecutive Days of Buying to Selling, Adjusting Electronic Stocks and ETFs

On April 13, 2026, the Taiwan stock market (Taiex) closed at 35457.29 points, up 39.46 points, with a transaction value of NT$778.766 billion. The three major institutional investors collectively net sold NT$5.005 billion, with foreign investors turning to net selling of NT$16.13 billion after four consecutive days of net buying. Foreign investors' top net sell targets included UMC, Unimicron, and several ETFs (Fubon Taiwan High Dividend, Fubon Global Innovation Active, Fubon Taiwan Growth Active). Conversely, their top net buy targets included Formosa Plastics, Formosa Chemicals & Fibre, Yuanta Taiwan 50 (ETF), Nan Ya Plastics, and Yageo. According to Huang Wen-ching, Vice President of Taishin Securities Investment Advisory, the market is observing the progress of US-Iran negotiations, which show significant disagreements making a short-term agreement difficult. However, the Taiex index hit a new high, indicating strong investment sentiment. Strong industry sectors such as passive components, packaging and testing, optical communication, silicon photonics, and tourism and leisure continue to perform robustly. The market is focusing on TSMC's investor conference on April 16.

April 13: Impact of the US-Iran War on International Economy, Financial Markets, and Livelihoods

European airport operators warn that if the Strait of Hormuz cannot be fully reopened within three weeks, it will lead to a systemic shortage of aviation fuel, severely impacting air travel convenience and the economy. The Middle East war has caused oil prices to surge, prompting Ireland to announce fuel tax cuts to alleviate public pressure. Southeast Asia is also facing rising food and transportation prices, with Grab increasing fuel surcharges, Vietnam Railways raising fares, and Thai diesel prices hitting a record high, demonstrating the widespread impact of the war on the global economy and people's livelihoods.

SEMI: Semiconductor Manufacturing Equipment Sales Hit Record High of US$135.1 Billion Last Year

According to statistics from the Semiconductor Equipment and Materials International (SEMI), global semiconductor manufacturing equipment sales are projected to reach a record high of US$135.1 billion in 2025, a 15% year-on-year growth, driven by the expansion of advanced logic, memory, and AI-related capacities. SEMI Global Chief Marketing Officer Terry Tsao noted that AI is accelerating the industry's unprecedented capacity expansion to meet the demand for advanced technologies. The Asian region remains the primary spending market, with China, Taiwan, and South Korea collectively accounting for 79% of the global market.

Rih Sheng Construction Signs NT$3.394 Billion Syndicated Loan, Guanqian Urban Renewal Project to Start in 2028

Rih Sheng Construction announced the completion of a NT$3.394 billion syndicated loan agreement. The funds will be invested in the "Urban Renewal Project" located at the intersection of Guanqian Road and Xinyang Street in Taipei, covering an area of approximately 608 ping. Construction is expected to begin in early 2028 to build a Class A office building. Taiwan Business Bank led the syndicated loan, with multiple banks participating, and the oversubscription rate reached 126%.

Nanya Technology: Supply-Demand Imbalance This Year and Next, High Gross Profit Expected to Last Several Quarters

Nanya Technology President Lee Pei-ying announced that the DRAM market will face supply shortages this year and next, expecting high gross profits for DRAM manufacturers to continue for several quarters. Nanya Tech's Q1 revenue reached NT$49.087 billion, a 63.1% QoQ increase, driven by a more than 70% surge in DRAM average selling prices. The gross profit margin climbed to 67.9%, with a net profit of NT$26.058 billion and EPS of NT$8.41.

Nanya Technology: SK Hynix and 4 Other Clients Participate in Private Placement to Fund Capacity Expansion

DRAM manufacturer Nanya Technology conducted a private placement of 351.57 million shares, attracting investments from SK Hynix, Solidigm, Sandisk Technologies, Kioxia, and Cisco. The NT$78.72 billion raised will be used to expand production capacity and strengthen Nanya Technology's position in the AI value chain. The company aims to enhance cooperation with clients and improve supply capabilities for various DRAM products.

Fubon NASDAQ ETF Share Price Exceeds NT$100, Initiates Split Vote

Fubon NASDAQ ETF (00662) share price has surpassed NT$100, leading Fubon Securities Investment Trust to initiate a beneficiary meeting vote on whether to split the fund. This aims to lower the investment threshold and enhance liquidity. The vote will conclude on April 27.

China's Major Cities Face Increasing Difficulty in Subway Construction Due to Fiscal and Demographic Headwinds

China's local governments are facing fiscal strain and negative population growth, making it harder for even coastal megacities to get approval for new subway projects. Recent plans in Ningbo, Fuzhou, Shenzhen, and Guangzhou have been rejected or scaled back. Ningbo's development and reform commission cited insufficient passenger intensity. Shenzhen's Metro Line 18 was not approved after national evaluation. Guangzhou's fourth phase metro plan may see a reduction of over 100 km, more than 60% of its initial proposal. The tightening approval process, previously limited to smaller cities, now affects major cities due to real estate market adjustments, local government debt, and demographic shifts. Shenzhen Metro reported a 33.46 billion RMB loss by end of 2024, exceeding its profits from the previous five years, partly due to supporting Vanke Group. In August 2024, China's Ministry of Finance issued regulations prohibiting illegal borrowing for unprofitable municipal infrastructure and increasing hidden debt. The 'subway popularization era' from 2000 to 2018 is ending. Passenger shortfalls and declining land sales (4.1518 trillion RMB in 2023, less than half of 2021's 8.7051 trillion RMB peak) are exacerbating fiscal pressures. While new lines may open in the next decade, large-scale, competitive city-to-city subway expansion is unlikely.

Vendors Report Plastic Bag Price Hike of About 30%; Taipei Market Administration Suggests Solutions

The Middle East conflict has impacted petrochemical raw material supply, leading to a roughly 30% increase in plastic bag prices in Taiwan, with some areas experiencing shortages. The Taipei Market Administration visited public markets and received reports from vendors about price surges and supply issues. The administration recommends purchasing from channels like Zhenyu Hardware and Xiaobei Living Department Store and assists in reporting to the Ministry of Economic Affairs' Department of Commerce. Additionally, it promotes plastic reduction, the use of alternative packaging materials (like paper bags), and bringing reusable shopping bags for environmental protection.

Foreign Bank: Taiwan's 'Golden State' May Be Broken, CPI Estimated to Approach 2% for the Whole Year

DBS Bank predicts that Taiwan's 'high growth, low inflation' golden state may be broken, revising its full-year CPI forecast for Taiwan from 1.5% to 1.9%. Middle East conflicts have pushed up international oil prices, and the energy price shock is expected to continue into Q2. AI-driven export cycles are anticipated to remain resilient in Q2, with Taiwan's GDP growth forecast maintained at 7%. DBS is optimistic about alternative investments such as gold, private equity, and hedge funds, expecting gold prices to continue rising, targeting US$6250 per ounce in H2 2026.

Three Major Institutional Investors Net Sold Taiwan Stocks by NT$5.005 Billion

On April 13, 2026, the Taiwan Stock Exchange (Taiex) rose 39.46 points to close at 35457.29 points, with a transaction value of NT$778.766 billion. The three major institutional investors (foreign and mainland Chinese investors, investment trusts, and proprietary traders) collectively net sold NT$5.005 billion. Specifically, proprietary traders net bought NT$3.988 billion, investment trusts net bought NT$7.137 billion, and foreign and mainland Chinese investors net sold NT$16.13 billion.

Machinery Association: March Exports Little Affected by Middle East Conflict, Boosted by Electronic Equipment

According to the Taiwan Association of Machinery Industry (TAMI), March machinery exports reached $2.976 billion, a 14.5% year-over-year increase. This growth was primarily driven by a significant 70.8% surge in electronic equipment exports, fueled by strong demand for semiconductors and AI servers. While the impact of the Middle East conflict was minimal, the strength of the New Taiwan dollar continues to pose a challenge to export competitiveness.

Middle East War Shocks Southeast Asia, Pushing Up Food and Transportation Prices

As the Middle East war disrupts oil supplies, consumers in Southeast Asian countries like Singapore and Thailand are facing pressure from rising food and fuel prices. This trend could curb consumer spending and deal a blow to the region's economies. Ride-hailing giant Grab raised its fuel surcharge, and diesel prices in Thailand have surged by 67%.

Taiwan Stock Market Fluctuates, Closes at New High of 35457 Points; Passive Components Show Strong Performance

The Taiwan stock market fluctuated today, closing at a new high of 35457.29 points, up 39.46 points (0.11%), with a turnover of NT$778.766 billion. Despite the ongoing Middle East conflict, passive component stocks and CPO (Co-Packaged Optics) concept stocks performed strongly. TSMC, the market leader, fell by NT$10, while MediaTek and Delta Electronics rose. The market is closely watching the Middle East situation and TSMC's investor conference on April 16th.

Silicon Motion: Taipei Headquarters to Open in 2030, Memory Shortage May Widen Next Year

Memory controller chip manufacturer Silicon Motion Technology Corporation held a groundbreaking ceremony for its new Taipei corporate headquarters, expected to open in 2030. General Manager Goucha Chang stated that the memory market is undergoing a structural shift, and the supply gap next year could be larger than this year. He pointed out that AI will be a major driving force in the memory market, predicting that strong demand from cloud service providers and Chinese internet companies will further exacerbate the supply shortage.

China's Local Government Bond Issuance in Q1 Rises 9.3%, About Half Used for Debt Repayment

China's local government bond issuance reached approximately RMB 3.1 trillion in Q1, a 9.3% year-on-year increase. About RMB 1.7 trillion was issued as refinancing bonds, primarily for repaying maturing bond principals and debt rollovers. New bond issuance amounted to about RMB 1.4 trillion, mainly for major investments like infrastructure. Professor Wen Laicheng of the Central University of Finance and Economics noted that the acceleration of new bond issuance aims for a 'good start' to the '15th Five-Year Plan' and local economic growth.

April 12: Impact of US-Iran War on International Economy, Financial Markets, and Livelihoods

The US-Iran war is severely impacting the global economy. Cathay Pacific and HK Express announced flight reductions from mid-May to late June due to soaring fuel prices. Ukrainian farmers face rising production costs due to increased fertilizer prices and diesel shortages. India's coffee exports could lose up to 80% of the West Asian market due to the Strait of Hormuz blockade, with freight costs nearly doubling. In the Philippines, surging LPG prices are squeezing the profits of street food vendors.

Chinese Independent Refineries Reportedly Purchase Iranian Crude at a Premium for the First Time in Years

According to Reuters, Chinese independent refineries have purchased Iranian crude at a premium for the first time in years, influenced by the Middle East conflict and a temporary U.S. sanctions waiver. At least two refineries in Dongying, Shandong, China, recently bought Iranian light crude at a premium of $1.5 to $2 per barrel over ICE Brent crude. This marks the first premium purchase since 2022, driven by new crude import quotas from Beijing and rising domestic refined oil prices, which have improved refinery profits and encouraged early procurement of Iranian crude.

Absolute Energy Fraud Case: 4 Detained, 2 Released on Bail by Taipei District Court

The Taipei District Prosecutors Office indicted the Absolute Energy Group for illegally raising NT$277.3 million from 316 victims since March 2023, by falsely claiming investments in cryptocurrency and clean energy technologies with high annual returns. The group also allegedly defrauded nearly a thousand people of over NT$5 billion by promoting investments in virtual currencies EGT and TBT through a DEFI lending platform. Key suspects, including Chiu Chih-hao, have been detained.

Soft-World Establishes AI Development Center, Deploying Generative AI to Boost Business Momentum

Soft-World announced the establishment of an AI development center to accelerate business growth through generative AI. Its March revenue increased by 18.95% to NT$646 million, and Q1 revenue rose by 19.75% to NT$1.929 billion. The company's AI strategy focuses on generative AI, B2B operational efficiency, and B2C customer service. CEO Zhong Xingbo anticipates AI will create new growth opportunities for Taiwanese game companies.

Number of Robo-Advisor Firms Decreases, FSC: Asset Scale Continues to Grow

Taiwan's Financial Supervisory Commission (FSC) reported a decrease in the number of Robo-Advisor firms from 18 in February 2024 to 16 in February 2026. However, client numbers and assets under management (AUM) for automated investment services have continuously grown, reaching 241,967 clients and NT$16.139 billion in AUM by February 2026. The FSC noted that while growth is steady rather than explosive due to regular fixed-amount investments, AUM alone is not the sole evaluation metric. Banks currently dominate the market, with Cathay United Bank holding the largest share at NT$3.203 billion.

Foreign Investors Net Buy NT$28.8 Billion, TSMC Sees 4th Consecutive Day of Buying with 8,159 Shares Added

Taiwan's stock market surged, with the TAIEX breaking above 35,000 points to a new closing high, driven by easing tensions in the Middle East. Foreign investors net bought NT$28.8 billion, with TSMC being a significant recipient, seeing its fourth consecutive day of net buying with 8,159 shares added. The TAIEX closed at 35,417.83 points, up 556.67 points (1.6%), with a turnover of NT$829.537 billion.

Telecom Big Three March Profits Released: Taiwan Mobile Takes Monthly, Q1 EPS Crown

Taiwan's three major telecom companies, Chunghwa Telecom, Taiwan Mobile, and Far EasTone Telecom, have released their March and Q1 earnings. Taiwan Mobile secured the top spot for both March and Q1 EPS. Chunghwa Telecom saw growth driven by ICT and core telecom services, increased sales, and a surge in Hami Video subscribers. Far EasTone Telecom's March revenue hit a new high, fueled by 5G upgrade demand.

Off-Season Not Dull: Wowprime and FamilyMart Restaurant Group Achieve Strongest Q1 Revenue

Wowprime announced March revenue of NT$453 million and Q1 revenue of NT$1.653 billion, both setting new records for the period. FamilyMart Restaurant Group also achieved record Q1 revenue of NT$721 million due to expansion. While most restaurant groups reported strong Q1 performance, including Shin Yeh Group and Royal Group, Gourmet Master Co. and Zhumian Catering Group saw declines due to market adjustments in China and brand restructuring.

Off-Season Not Dull: Q1 Exports Hit New Quarterly High, Up Over 50% Leading Global Growth

Taiwan's Ministry of Finance announced preliminary customs trade statistics for March, with exports reaching US$80.18 billion, a new monthly high, up 61.8% year-on-year. Q1 exports totaled US$195.74 billion, up 51.1%, setting a new quarterly record and exceeding expectations. Taiwan's export growth of over 50% leads the Asian Tigers and major economies, primarily benefiting from strong global demand for memory in the AI wave, profiting alongside South Korea.

Zhenyu Hardware: Plastic Goods Cross-Regional Allocation Not Restricted, Q1 Exports Hit New High

Zhenyu Hardware's consolidated revenue in March reached NT$196.57 million, with Q1 consolidated revenue hitting NT$585.91 million, a 6.11% year-on-year increase, driven by home improvement demand and store expansion. The company has activated a cross-regional inventory allocation mechanism to ensure supply and has not implemented purchase restrictions. Scan Furniture, a leading Taiwanese furniture chain, noted a slowdown in the housing market last year, leading to weaker furniture sales in the first half of this year, and remains cautious about its operations.

Taiwan Stock Market Closes at New High, New Taiwan Dollar Appreciates to NT$31.726, Weekly Line Turns Red

Taiwan's stock market closed at a new high of 35417.83 points, with the weekly line turning red, driven by renewed hopes for Middle East peace talks and foreign capital inflows. The New Taiwan Dollar appreciated to NT$31.726 against the US dollar, marking a new closing high in over a month. Foreign investors bought NT$28.08 billion, contributing to the overall NT$37.896 billion net buy by institutional investors.

March Exports Up 61.8% Year-on-Year; Electronic and ICT Product Exports Hit New Monthly High

According to the Ministry of Finance, March exports reached US$80.18 billion, a 61.8% year-on-year increase, and imports were US$58.91 billion, up 38.3%, both setting new monthly records. Director Tsai Mei-na attributed the strong export performance to massive investment in AI infrastructure, mass production of AI cloud computing systems, tight raw material supply, and early procurement. Electronic and ICT products accounted for 81% of total exports, driving significant growth.

Oil Price Doubling Impacts Livelihoods; ADB Downgrades Philippines Growth Forecast

The Asian Development Bank (ADB) has downgraded the Philippines' 2026 GDP growth forecast to 4.4% due to the impact of soaring oil prices on livelihoods. The transportation, agriculture, and fishing sectors are particularly hard hit, with diesel prices more than doubling. While the government provides subsidies to vulnerable groups, businesses and the middle class are absorbing increased costs. The ADB warns that worsening Middle East tensions could affect remittances and further slow private consumption.

Taiwan's March Exports to US Hit Record High of US$28.54 Billion, Up 1.2 Times Annually

Taiwan's Ministry of Finance announced that March exports reached a record US$80.18 billion, with imports at US$58.91 billion. Exports to the US surged to US$28.54 billion, a 1.2-fold increase year-on-year, making the US Taiwan's largest trading partner. This shift is attributed to AI opportunities, US-China economic rivalry, and supply chain restructuring.

Starlux Airlines' Q1 Revenue Reaches New High, Tigerair Taiwan Records 92% Load Factor

Starlux Airlines reported record-high revenue for March at NT$4.727 billion and a cumulative Q1 revenue of NT$13.76 billion. Increased passenger and cargo demand, influenced by the Middle East situation, contributed to this growth. The airline launched Taichung-Tokyo and Taichung-Kumamoto routes and is expanding its fleet. Tigerair Taiwan also achieved record Q1 revenue of NT$5.538 billion, with a 92% average load factor. Both airlines are adapting to market changes and maintaining operational flexibility.

May Tax Season Approaches: Ministry of Economic Affairs Urges SMEs to Seize 3 Major Tax Incentives

The Ministry of Economic Affairs is encouraging small and medium-sized enterprises (SMEs) to take advantage of three significant tax incentives during the upcoming May tax season. These include tax credits for R&D expenditures, a 200% income deduction for hiring at least two entry-level employees aged 24 or younger or 65 or older, and a 175% income deduction for increasing wages for entry-level staff. These measures aim to reduce tax burdens and promote R&D, employment, and wage growth.

April 10: Impact of US-Iran War on International Economy, Financial Markets, and Livelihoods

Since the fragile ceasefire between Iran and the United States was announced, the first non-Iranian oil tanker passed through the Strait of Hormuz on April 9. The International Monetary Fund (IMF) has lowered its global economic growth forecast due to the Middle East war and warned that up to $50 billion in emergency aid may be needed. Attacks on Saudi Arabian energy facilities reduced daily crude oil production by approximately 600,000 barrels. The Japanese government plans to release an additional 20 days' worth of national oil reserves starting in early May, anticipating continued instability in the Strait of Hormuz. Thailand's tourism industry has also been severely impacted by the decline in Middle Eastern tourists.

ASE Technology Holding's March and Q1 Revenue Hit Record Highs for the Period, Boosted by AI Packaging and Testing

ASE Technology Holding's March revenue for packaging, testing, and materials reached NT$39.823 billion, a 27.6% year-on-year increase. Its Q1 revenue for packaging, testing, and materials was NT$112.434 billion, up 29.7% year-on-year, setting a new record for the period. The company's Q1 packaging and testing business saw better-than-expected sequential growth, driven by AI chip demand. ASE expects to increase capital expenditure by US$1.5 billion this year, potentially reaching US$7 billion in total.

Formosa Petrochemical Corporation Earns Big in Q1 But Not Happy: Q2 Faces Immense Challenges

Formosa Petrochemical Corporation reported a net profit of NT$20.408 billion in Q1, a 4.5-fold increase year-on-year, with EPS of NT$2.14, primarily due to inventory gains from rising international oil prices. However, the company warns of immense challenges in Q2, citing potential sharp oil price corrections due to geopolitical factors, restricted production capacity, the shutdown of its third olefin plant, and reduced operating rates for refineries (40%) and petrochemical plants (30%). Additionally, surging Middle East crude oil premiums led the company to absorb over NT$2 billion in gasoline and diesel price adjustments to ensure domestic supply.

Formosa Plastics Group's Four Major Subsidiaries Report Q1 Net Profit of NT$44.1 Billion, Up 10.8 Times Year-on-Year

Formosa Plastics Group's four major subsidiaries announced a combined net profit of NT$44.1 billion for Q1, a 10.8-fold increase year-on-year. Formosa Petrochemical led with NT$20.408 billion, followed by Nanya Plastics with NT$14.253 billion, marking a 15-quarter high. Formosa Chemicals & Fibre turned profitable with NT$6.247 billion, and Formosa Plastics Corp. saw a 64-fold increase to NT$3.269 billion. Formosa Petrochemical's growth was driven by inventory gains from rising oil prices, Nanya Plastics benefited from AI-driven electronic materials demand, and Formosa Chemicals & Fibre saw improved margins from PX and rising crude oil prices due to geopolitical tensions. Formosa Plastics Corp.'s profit came mainly from investment income.

PX Mart's 2025 Revenue Target Set at NT$230 Billion; Chairman Lin Min-hsiung: Online Scrutiny Leads to Humble Self-Reflection

PX Mart Chairman Lin Min-hsiung announced that PX Mart's 2024 revenue exceeded NT$220 billion, with 1,250 stores and 7 million PX Pay members. The company aims for NT$230 billion in revenue and 1,280 stores in 2025. Lin emphasized PX Mart's commitment to ethics and supporting Taiwanese farmers. Associate Manager Liu Hung-cheng stated that electronic labels will be fully implemented by June 2028, with a budget increase to NT$4 billion, expected to save labor and improve efficiency.

Lion Travel: Airfare Increases and War Impact Lead to Order Shifts to Asia, Australia/New Zealand Routes

Lion Travel General Manager Lai Yi-ching noted that rising international oil prices have led to increased airline fuel surcharges, with short-haul routes rising from US$17.5 to US$45 and long-haul routes from US$45.5 to US$117. Despite higher airfare costs, travel demand remains strong, with Lion Travel's January-February 2026 performance surpassing the same period in 2025. Significant order shifts are seen in Asia and Australia/New Zealand routes, with Australia/New Zealand growing by 40%, Japan tours by 40%, and Korea tours by 20%. Short-haul tour prices increased by less than NT$2,000, and long-haul by about NT$4,000. Lion Travel expects continued growth for the full year, with corporate tours potentially growing by 20%.

German Think Tank Report: Corporate Bankruptcies Hit 20-Year High, Affecting 170,000 Workers

A report by the German think tank IWH indicates that corporate bankruptcies in Germany reached a 20-year high last year, totaling 17,604 cases. In December alone, 1,519 companies filed for bankruptcy, 75% higher than pre-pandemic levels. This surge is attributed to the end of pandemic-era subsidies and rising interest rates since 2022, revealing structural challenges in the German economy.

Formosa Plastics Group's Four Major Companies See March Revenue Increase Year-on-Year and Month-on-Month, Totaling NT$141.5 Billion

The combined March revenue of Formosa Plastics Group's four major companies (Formosa Petrochemical, Formosa Plastics, Nan Ya Plastics, and Formosa Chemicals & Fibre) reached NT$141.5 billion, showing increases both year-on-year and month-on-month. Formosa Petrochemical's revenue grew due to fluctuating international oil prices, particularly the impact of the US-Iran conflict and the blockade of the Strait of Hormuz. Nan Ya Plastics recorded its highest revenue in nearly 43 months since September 2022, driven by the expanding AI market and increased demand for mid-to-high-end electronic materials. Formosa Plastics and Formosa Chemicals & Fibre also saw revenue growth from increased shipments after the Lunar New Year holiday and rising crude oil prices.

Taiwan Stock Market Closes at Record High of 35417 Points, Weekly Gain of 2845.4 Points

The Taiwan stock market (Taiex) closed at a new record high of 35417 points, with a weekly gain of 2845.4 points. Electronic, semiconductor, and OTC indices rose over 2%, while plastics, finance, steel, and shipping indices declined. TSMC closed at NT$2000, Hon Hai at NT$200.5, and MediaTek at NT$1575. The rally was driven by short covering and foreign institutional buying.

Hong Kong Property Market Sees a "Mini Spring" in Q1, Mainland Chinese Buyers Become a Key Pillar

Hong Kong's property market experienced a "mini spring" in the first quarter of this year, with new private residential property sales registrations reaching 5,373 and a total value of HKD 62.8 billion, sharply increasing by 38% and 94% respectively compared to the same period last year. Centaline Property noted that housing prices have rebounded over 10% from last March's low, primarily driven by the government's "cooling measures withdrawal" policy and the influx of mainland Chinese talent. Over the past three years, Hong Kong's talent attraction programs have approved over 410,000 applications, with about 300,000 from mainland China, making these individuals a solid source of incremental demand for the Hong Kong property market.

Middle East Conflict Impacts Bangkok Tourism, Shop Owners: Business Down to 20%, Like a Repeat of the Pandemic

The Middle East conflict has severely impacted Bangkok's tourism, especially shops in the Nana district. Muhammad, who runs a perfume shop, reported that business is down to 10-20% of normal, with monthly revenue dropping from 1 million Thai Baht to 150,000-200,000 Baht. World Travel, a travel agency serving Arab tourists, also cut staff due to a sharp decline in customers. Despite a temporary ceasefire between the US and Iran, operators worry the economic impact will persist and could be worse than the COVID-19 pandemic.

Saudi Energy Facilities Attacked, Oil Production and Pipeline Flow Plummet

Saudi energy facilities have been attacked, causing a significant drop in oil production and pipeline flow, leading to a rise in oil prices. The East-West Pipeline, a crucial alternative route to the Strait of Hormuz, is now under threat. This escalation of tensions has pushed Brent crude futures up by 1.2% to $95.92 per barrel.

Strong Demand in Dining Sector: Lianfa, ROKU, and Wangzao All Achieve Record-High March Revenues

Lianfa International's March revenue reached NT$114 million, a 49.2% year-on-year increase, with cumulative revenue for the first three months at NT$305 million, up 52.3%, both historical highs. ROKU International's March consolidated revenue was NT$460 million, up 37.22%, a new high for the month. Wangzao Catering's March consolidated revenue was NT$149 million, up 28.48%, with cumulative revenue for the first three months at NT$505 million, also a new high for the period. All three companies achieved revenue growth through store expansion, brand development, and overseas market penetration.