AGP Executive Report
Last update: 5 hours agoTaiwan Economy Watch: Taiwan’s economy kept strong momentum for a sixth straight month in May, with the NDC’s composite “red light” index still signaling overheating risk even as the score eased slightly, pointing to steady global AI-driven demand. Tech & Markets: A sharp tech sell-off hit Asia after Apple raised prices on MacBooks and iPads, dragging chip and AI sentiment; Taiwan’s Taiex fell 3.6% and TSMC-linked weakness weighed on the broader market. Cybersecurity & Supply Chain: Apple supplier Tata Electronics tightened access to sensitive systems after a dark-web leak claim involving thousands of client files, with Reuters reporting the exposed set also included purported documents tied to TSMC and Qualcomm. Cross-Strait Business & Mobility: Cross-strait ferry traffic on the Xiamen–Kinmen route topped one million passenger trips this year, boosted by frequent sailings and faster clearance. Semiconductor Investment: Foxconn’s Singapore unit approved a $37.2 million capital increase in its India subsidiary to expand long-term manufacturing capacity. Shipping Risk in Hormuz: Evergreen Marine said its Ever Lovely ship suffered minor damage from an unknown projectile in the Strait of Hormuz; Iran also reiterated it wants control over transit routes, keeping trade-route uncertainty high. Local Infrastructure: New Taipei’s Sanying MRT Line enters trial operations June 30, with free rides for stored-value card users through Aug. 31. Food & Regulation: Taiwan tightened rules on “fresh milk” naming in Chinese, limiting the term to certified domestic products from July 1. Weather Disruption: Typhoon Mekkhala and another storm threat forced evacuations and transport shutdowns in Japan, while torrential rain also battered Taiwan and triggered widespread flooding.
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