Taiwan market News

Chinese Hackers Step Up Attacks on Taiwanese Organizations, Cybersecurity Firm Says

A suspected Chinese state-sponsored hacking group has stepped up its targeting of Taiwanese organizations, particularly those in sectors such as government, education, technology and diplomacy, according to cybersecurity intelligence company Recorded Future. In recent years, relations between China and Taiwan, …

Taiwan Property Insurers Likely to Remain Profitable Despite Quake Losses: GlobalData

The 7.2 magnitude earthquake that struck Taiwan’s east coast on April 3 caused substantial damage, particularly in Hualien with collapsed buildings and infrastructure disruptions. However, insurers are expected to weather the financial impact well, according to GlobalData, the London-based data …

Worst Taiwan Quake in 25 Years Kills at Least 9, With Hundreds Injured

Taiwan’s strongest earthquake in a quarter century leveled dozens of buildings on the eastern side of the island, killing at least nine people and disrupting semiconductor production at some of the world’s leading chipmakers. The quake hit at 7:58 a.m. …

Taiwan Rushes to Prevent China From Cutting Internet, Phones

Buffeted by earthquakes and the potential of conflict with China, Taiwan’s leaders want to accelerate plans to make the island more resilient to communications breakdowns and direct attacks on its digital infrastructure. It could be an impossible task. Audrey Tang, …

U.S. Firms in Taiwan Making Business Continuity Plans Amid Tensions With China

Almost half of companies surveyed by the American Chamber of Commerce (AmCham) in Taiwan are revising or plan to revise their business continuity plans amid tensions with China, while a growing number reported being impacted by those strains. China, which …

Taiwan’s Financial Services Firms Cut China Exposure by 20% to Record Low

Taiwan’s financial institutions reduced their China exposure to a record low amid economic and political uncertainties, according to its top financial regulator. Total exposure to China at Taiwanese banks, insurers and securities firms have dropped by 20% from a year …

Taiwan’s Watchdog Says Insurers Have Enough Capital to Withstand COVID Claim Surge

Taiwan’s insurance industry has buffered itself against surging COVID claims after raising capital, the head of the island’s market regulator said. The property insurance companies have no problems fulfilling their obligations in paying claims so far, Huang Tien-mu, the chairperson …

Seven Taiwanese Insurers Have Not Received Russian Eurobond Payments: Regulator

Taiwan’s financial regulator said on Tuesday that seven Taiwanese insurance companies have not received interest due on May 27 on Russian Eurobonds after a grace period ended on Sunday evening. Russia defaulted on its international bonds for the first time …

Train Wreck Kills 50 in Worst Taiwanese Accident in 7 Decades

TAIPEI – Taiwanese rescuers were trying on Monday to retrieve the last body of a passenger from wreckage of a deadly train crash last week, as the government said five of the eight carriages had now been removed. Fifty people …

Update: Taiwan Bridge Collapse Claims 5 Lives with 1 Person Missing

Searchers in Taiwan have recovered five bodies and are looking for one more person missing from three fishing boats that were struck when a bridge collapsed into the water below, authorities said Wednesday. The National Fire Agency said two of …