Oil Prices Drop as Middle East Supply Recovery Eases Market Concerns 
Gold Price Ends Lower for Fourth Week Despite Rebound as Fed Rate Hike Bets Strengthen 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
US Stock Futures Rise as US-Iran Ceasefire Hopes Boost Market Sentiment 
South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks 
Asian Currencies Stay Range-Bound as Investors Eye China Data, RBNZ Outlook and U.S.-Iran Ceasefire 
Asian Stocks Slip as US-Iran Ceasefire Hopes Lift Oil, Dollar Strength Persists 
Oil Prices Rebound as Strait of Hormuz Tensions Return After Ship Attack Near Oman 
US Dollar Slips After PCE Inflation Data Eases Fed Rate Hike Expectations 
Oil Prices Rise as US-Iran Tensions Threaten Strait of Hormuz Oil Shipments 
Gold Price Falls as Fed Rate Hike Fears and U.S.-Iran Tensions Weigh on Bullion 
China Factory PMI Seen Returning to Growth in June as AI Export Demand Supports Economy 
Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts 
Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
Canada Grants C$7 Million to Greenland Molybdenum Mine to Strengthen Critical Minerals Supply 
Taiwan's Response to U.S. Tariff Threats on Chinese Imports
Taiwan's Economy Minister, Kuo Jyh-huei, announced on Thursday that Taiwan will help companies relocate production from China in response to the looming tariffs promised by incoming U.S. President Donald Trump. The tariffs, which could reach up to 60% on Chinese imports, are expected to have a significant impact on global trade and could slow growth in the world’s second-largest economy.
U.S. Tariffs Pose Major Risks for Taiwan's Companies in China
For over four decades, Taiwanese companies have invested billions in China, benefiting from lower production costs. However, Taiwan's government has been encouraging firms to diversify their investments elsewhere, particularly in light of Beijing’s growing pressure on Taiwan. Kuo stated that the impact of U.S. tariffs on Taiwanese firms operating in China would be "quite large," emphasizing the need for timely assistance to relocate production bases.
Contingency Plans for Taiwan's Semiconductor Industry
Lawmakers raised concerns about the potential loss of subsidies for Taiwan’s semiconductor giant, TSMC, which is investing $65 billion in new factories in Arizona. Kuo confirmed that a contingency plan is in place, with options for supporting more companies in the supply chain to move to the U.S. This aligns with TSMC’s ongoing expansion efforts in the U.S.
Taiwan's GlobalWafers, investing $4 billion in the U.S., expressed confidence that the CHIPS and Science Act would continue under the new U.S. administration, ensuring ongoing support for semiconductor investment.
