Business

The Taiwan Stock Exchange's main index opened up 106.11 points at 23,226.35 Wednesday on turnover of NT$2.46 billion (US$75.30 million).

The U.S. dollar fell against the Taiwan dollar Tuesday, shedding NT$0.018 to close at NT$32.670.

Shares in Taiwan closed slightly higher Tuesday despite earlier gains amid continuing uncertainty following the reelection of Donald Trump as U.S. president.

Taiwan shares ended up 15.7 points, or 0.07 percent, at 23,120.24 Tuesday on turnover of NT$338.28 billion (US$10.34 billion).(By Christie Chen) Enditem

The U.S. dollar was traded at NT$32.690 at 10 a.m. Tuesday on the Taipei Foreign Exchange, up NT$0.002 from the previous close.

The Taiwan Stock Exchange's main index opened up 156.20 points at 23,260.74 Tuesday on turnover of NT$7.60 billion (US$233 million).

Taiwan's jobless rate in November dropped by 0.04 percentage points from October to 3.36 percent, the Directorate General of Budget, Accounting and Statistics (DGBAS) reported on Monday.

Taiwan Railway Corp. (TRC) will likely post losses of NT$12 billion (US$367 million) in 2024, its first year as a state-owned corporation after having been a government agency for many decades, according to TRC data.

Taiwan's industrial production received a further boost from solid global demand for emerging technologies such as artificial intelligence applications, rising more than 10 percent from a year earlier in November, marking the ninth consecutive month of year-on-year growth, the Ministry of Economic Affairs (MOEA) said Monday.

Taiwan's gross domestic product (GDP) is forecast to grow 3.1 percent in 2025, lower than this year's projection of 4.23 percent, due to uncertainty created by Donald Trump's second term in office as U.S. president which is set to begin on Jan. 20, 2025, and the challenges China faces on its road to economic recovery, Academia Sinica said Monday.