AGP Executive Report
Last update: 8 hours agoTaiwan Market Shock: Taiwan’s Taiex logged its third heaviest point drop on record, sliding 3.48% as a Friday US selloff and stronger-than-expected May jobs data pushed bets toward higher Fed rates; foreign investors sold a net NT$93.85 billion while bargain hunters stepped in on heavyweight tech, including TSMC. AI Chip Supply Chain: TSMC surged into PwC’s global top 100 by market cap, jumping to 9th as AI-driven demand lifted its value; meanwhile, Nvidia and SK hynix sealed a multi-year AI memory co-development pact covering next-gen HBM4 and Vera Rubin, underscoring memory as the bottleneck for AI data centers. Regional Stocks Hit by Oil + AI Fears: Asia-wide declines spread from South Korea’s Kospi (down 8.3%) as investors unwound AI-led rallies and reacted to Iran-Israel escalation that sent oil above $96. Taiwan Security Meets Business Reality: Computex-era tensions stayed in focus as Taiwan’s coast guard reported standoffs with Chinese vessels near the Pratas Islands, highlighting the risk to the AI supply chain if cross-strait pressure escalates. SME AI Push: Taiwan hosted an APEC forum on promoting AI for SMEs, with the government pitching AI infrastructure and talent-building to help smaller firms adopt AI. Aviation and Trade Links: EVA Air’s president became the first Taiwanese board member of IATA, while Kuehne+Nagel expanded air freight capacity with a Frankfurt–Chicago pharma-focused route that also links Taipei.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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