Taiwan stocks got off to a poor start in November, with the weighted index losing the 45000-point mark and closing at 44920.14. 台積電's weakness dragged the index, but oil and power, IT services and optical communications groups rose against the trend, and institutional investors are bullish that satellite applications will drive PCB demand.
Facts
The Taiwan weighted index closed down 291.69 points at 44920.14 on the first trading day of November.
台積電's share price fell 40, closing at 2330.
台塑化's share price surged about 4%.
IT services stocks 華經 and 大世科 hit their daily limit-up.
金像電's share price rose 3.92% to close at 1060.
Institutional investors noted that Starlink V3 entering deployment will drive demand for high-end PCBs.
Hundreds of billions in market value gone in a day! Yet 巴隆周刊 says "don't sell"? Breaking down Alphabet's long-term AI trump card
Published ・ Source Taiwan | 鉅亨網
Alphabet's share price plunged nearly 13% after its third-quarter earnings report, sharply cutting its market value, mainly due to negative cash flow and doubts about AI monetization. However, 巴隆周刊 and analysts are bullish on cloud growth and low valuation, and recommend holding for the long term.
Facts
Alphabet's share price plunged nearly 13% the day after it released its third-quarter earnings report last Wednesday (Oct. 28), to around 280 dollars per share.
Alphabet's single-day market value wiped out about 500 billion to 560 billion dollars, a record.
Alphabet's third-quarter revenue this year was 127.577 billion dollars, up 25% year on year, but below the market expectation of 128.2 billion dollars.
Alphabet's free cash flow was negative for two consecutive quarters, with net outflow of about 9.1 billion dollars this quarter and capital expenditures as high as 51.4 billion dollars.
Original谷歌雲端業務營收307.09億美元，年增率103%，營業利潤率升至36.2%。
Search advertising, the cash cow, grew only 12% and YouTube advertising rose 9%, with growth in both slowing from the previous quarter.
Alphabet's management acknowledged for the first time that AI Mode replaces traditional links with conversational answers, resulting in fewer ad slots and lower monetization efficiency, and is "cannibalizing itself" in search revenue.
Iran reveals "two-day plan"! Strait of Hormuz to reopen after US fulfills its commitments; Trump reportedly unwilling to let Israel interfere with negotiations
Published ・ Source Taiwan | 鉅亨網
Iranian Foreign Minister Araghchi announced agreement to a "two-day plan": if the US fulfills commitments such as unfreezing funds, Iran will reopen the Strait of Hormuz. Iran's military simultaneously issued a warning of a devastating counterattack, while Trump is reportedly inclined toward the diplomatic route and opposed to Israel interfering with the negotiations.
Facts
Iranian Foreign Minister Araghchi said Iran has agreed to a two-day plan: if the US fulfills its commitments on the first day, Iran can reopen the Strait of Hormuz on the second day.
The conditions Iran demands the US fulfill include unfreezing funds, lifting the naval blockade, ending regional wars, granting oil export waivers and revoking new sanctions.
Iranian military spokesperson Akrami-nia warned that if the US uses force again, it will face a devastating counterattack on a scale exceeding anything in the past.
The Navy of Iran's Islamic Revolutionary Guard Corps claimed that two unauthorized oil tankers struck mines and exploded, one of them a supertanker.
President Trump reportedly does not want Israeli Prime Minister Netanyahu to interfere with the US-Iran negotiation process.
The original "seven-day plan" stipulated that the Strait of Hormuz would reopen on day 6, with US-Iran negotiations resuming on day 7.
安成生技 gets TFDA approval to conduct Phase 2a alopecia areata trial; enrollment to begin at year-end, preliminary results expected in Q3 next year
Published ・ Source Taiwan | 鉅亨網
安成生技 (6610-TW) announced that it has received TFDA approval to conduct a Phase 2a clinical trial of AC-110, a new drug for alopecia areata, with the trial expected to start at year-end and results due in Q3 next year. The move shows the company is actively expanding into dermatology and is committed to developing best-in-class drugs to fill gaps in the market.
Facts
安成生技 announced that the Taiwan Food and Drug Administration of the Ministry of Health and Welfare has approved a Phase 2a human clinical trial of AC-110 for treating alopecia areata.
The AC-110 Phase 2a trial is expected to start at the end of this year, with preliminary results available as early as the third quarter of next year.
The AC-110 clinical trial uses an open-label design, focusing on patients with mild to moderate alopecia areata.
The AC-110 clinical trial will enroll patients simultaneously through 國立臺灣大學醫學院附設醫院 and 衛生福利部雙和醫院.
AC-110 is administered as a topical application, targeting the gap in the alopecia areata market and is expected to become a best-in-class new drug.
安成生技 intends to recruit professional advisers with extensive regulatory experience and former FDA officials to help plan its regulatory strategy.
安成生技 aims to hold formal talks with the FDA and EMA in the first quarter of next year and, if it receives a positive response, plans to file for drug approval in Europe and the US in the second half of next year.
TAIEX loses its half-year moving average, putting heavy pressure on the market; 期交所 to bring OTC clearing member accounts under "risk early-warning monitoring"
Published ・ Source Taiwan | 鉅亨網
台灣期貨交易所 today rolled out a risk early-warning monitoring function for OTC derivatives central clearing members, extending its monitoring scope to clearing members' proprietary accounts, aiming to cope with sharp swings in international markets and help institutional investors improve their fund allocation and risk control capabilities.
Facts
台灣期貨交易所 officially launched the "risk early-warning monitoring function for OTC derivatives central clearing members" today (the 2nd).
Last week, foreign investors dumped as much as 112.467 billion yuan of Taiwan stocks in a single day, setting the seventh-largest single-day net sell record in Taiwan stock market history.
期交所 has extended its client risk early-warning monitoring service for general clearing members to clearing members' proprietary accounts.
The system has three risk monitoring indicators: "total collateral maintenance ratio," "excess amount able to withstand interest rate/exchange rate movements," and "large losses."
期交所 launched a margin simulation calculation function when the OTC central clearing service went live in year 111.
期交所 launched a web-based calculation function in year 113 to improve ease of use.
期交所 launched a client risk early-warning monitoring function in year 114 to help general clearing members keep track of risks in client accounts.
〈Stock in Focus〉Foreign brokerage raises target price on silicon photonics volume ramp; 聯亞 turns from red to green with a strong 4% gain
Published ・ Source Taiwan | 鉅亨網
美系外資 raised its 2026-2029 earnings forecasts for 聯亞 and lifted its target price to over 4,400 yuan, citing silicon photonics volume ramp and better-than-expected CW laser revenue. 聯亞's net profit after tax for the first 3 quarters rose 491% year over year, and its share price rebounded more than 4% on the boost.
Facts
美系外資 raised its earnings forecasts for 聯亞 for 2026 to 2029 and lifted its target price to over 4,400 yuan.
聯亞's AI data center-related revenue as a share of total revenue climbed to over 80% in the 3rd quarter.
聯亞's net profit after tax for the first 3 quarters of this year was 1.407 billion yuan, up 491% year over year.
聯亞's single-month revenue in September reached 540 million yuan, up 190% year over year.
聯亞's major customers have begun placing long-term orders spanning more than half a year.
聯亞's share price rose more than 4% on the day the report was released (the 2nd), turning from red to green and climbing back to 2,400 yuan.
Is Jensen Huang targeted by Chinese intelligence agencies? US investigates Singapore cloud operators, exposing loopholes in Nvidia chip export controls
Published ・ Source Taiwan | 鉅亨網
The New York Times reports that US intelligence agencies suspected that senior executives at Singapore cloud provider Megaspeed were Chinese spies, and were watching its contacts with Nvidia CEO Jensen Huang. Nvidia denies any violation and says its investigation found nothing. Senator Warren is demanding that Congress step in, and experts note that current rules make it hard to police the transshipment of computing power rented through the cloud.
Facts
US intelligence agencies once suspected that Alice Huang, the head of Singapore cloud computing company Megaspeed, was a Chinese intelligence operative, and monitored her contacts with Nvidia CEO Jensen Huang.
Nvidia says that, regarding the allegations that Megaspeed transshipped chips, the company conducted a full investigation last year, and the allegations were ultimately found to be unsubstantiated.
US Senator Warren is demanding that Nvidia and Jensen Huang explain themselves to Congress, and is pushing bipartisan legislation to prevent advanced US technology from flowing into China.
In an interview with Bloomberg, Jensen Huang said Nvidia has confirmed that Megaspeed did not ship AI chips to China and did not violate US trade restrictions.
Chinese companies can rent Nvidia computing resources at data centers in Southeast Asia through commercial arrangements, thereby getting around export controls on physical chips.
Originator of the "BRIC" concept: On the world stage, India and China still have not received the attention they deserve
Published ・ Source Taiwan | 鉅亨網
Looking back on proposing the "BRIC" concept 25 years ago, former Goldman Sachs chief economist O'Neill notes that the group has now diverged sharply. Brazil and Russia, hit by political turmoil or war, have seen their share of global GDP fall back to its initial level, and the BRICS today is held up entirely by China and India.
Facts
In a report published 25 years ago, former Goldman Sachs chief economist O'Neill first put forward the concept of the "BRICs".
Since 2000, cumulative per capita growth has reached 554% in China and 246% in India.
O'Neill notes that, given the development difficulties of Russia and Brazil, it might have been more apt to call it the "ICs" (India and China) from the start.
Gavyn Davies, former global head of research economics at Goldman Sachs, called O'Neill's report from that time "one of the most influential reports ever produced by an investment bank's economics department."
Yuanta Securities sets an industry first, opening Google's enterprise-grade AI assistant to new customers to try
Published ・ Source Taiwan | 鉅亨網
元大證券 announced a partnership with Google Cloud, setting a first among domestic securities firms by bringing the Gemini Enterprise enterprise-grade AI assistant into everyday retail investing. New customers can try the service to help analyze financial information.
Facts
元大證券 has teamed up with Google Cloud to set a first among domestic securities firms, opening the Gemini Enterprise enterprise-grade AI assistant to new customers to try.
Gemini Enterprise brings the Google Cloud enterprise-grade AI application service, originally focused on business scenarios, into the everyday investing life of the general public.
According to a Mastercard Taiwan survey, nearly 70% of Taiwanese use an AI assistant every week.
Gemini is one of the AI tools most often used by survey respondents.
AI has become a tool for investors to interpret market and financial news, analyze the content of earnings briefings and the context of financial reports, and exchange ideas.
旺宏's Wu Min-chiu: The memory industry will stay hot through 2030, and prices will not be worse than now
Published ・ Source Taiwan | 鉅亨網
旺宏 Chairman Wu Min-chiu said that, thanks to AI demand, the memory industry's upswing will last through 2030, and scarce capacity will push the company toward high-end niche products.
Facts
旺宏 Chairman Wu Min-chiu is bullish that the memory industry's good times can last all the way through 2030.
旺宏 said memory prices will not be worse than now.
AI is driving continued growing demand for memory, leaving current capacity "scarce."
旺宏 is shifting capacity toward high-end niche products.
Among global satellite applications, only 旺宏's Flash products have passed the relevant qualification certification and been adopted.
厚生労働省 designates Nov. 30 as "Pension Day" and November as "Pension Month," and will conduct activities to promote and raise awareness of the public pension system in cooperation with 日本年金機構.
Regarding the holding of the 2nd Blood Donation Promotion Investigative Committee of Reiwa 8 under the Blood Services Subcommittee of the Pharmaceutical Affairs Council (paperless/web hybrid)
Published ・ Source Japan | 厚生労働省
厚生労働省 has issued notice of the holding of the 2nd Blood Donation Promotion Investigative Committee of Reiwa 8 under the Blood Services Subcommittee of the Pharmaceutical Affairs Council. The meeting will be held on Nov. 16 in a web hybrid format, and observation is limited to members of the press. The agenda includes the draft blood donation promotion plan for Reiwa 9 and activities by local governments and companies.
Regarding Minister of Health, Labour and Welfare commendations for contributors to barber and beautician training in Reiwa 8
Published ・ Source Japan | 厚生労働省
厚生労働省 announced that in Reiwa 8, it will present Minister of Health, Labour and Welfare commendations to 35 operators and faculty of barber and beautician training facilities who have made outstanding contributions to improving education. The award ceremony will be held on Nov. 10 at ホテルグランヴィア岡山.
Regarding the holding of the 219th Social Security Council Medical Insurance Subcommittee (paperless)
Published ・ Source Japan | 厚生労働省
厚生労働省 has issued notice of the outline of the 219th Social Security Council Medical Insurance Subcommittee, to be held on Nov. 5, Reiwa 8, and the deadline for observation applications (15:00 on Nov. 4). The agenda covers insurance premiums for the latter-stage elderly and how insurance benefits should apply to originator biologics. A press briefing will follow the meeting, and it will be livestreamed on YouTube.
Notice of the 25th Expert Meeting on Promoting the Use of the Adult Guardianship System
Published ・ Source Japan | 厚生労働省
The Ministry of Health, Labour and Welfare will hold the Expert Meeting on Promoting the Use of the Adult Guardianship System (25th) on Reiwa 8 Nov. 9, with a live broadcast on YouTube.
Caution Regarding the Use of Tightening Rings on Gas Masks
Published ・ Source Japan | 厚生労働省
For some gas mask products manufactured by 興研株式会社, a defect has been confirmed in which the tightening ring for fixing the absorbent canister engages too tightly with the main body, making it impossible to ensure airtightness, and a voluntary recall is being carried out.
11th Youth Pension Academic Conference (Notice of Event)
Published ・ Source Japan | 厚生労働省
The 厚生労働省 will hold the 11th Youth Pension Academic Conference at 慶應義塾大学 on Nov. 28, 2026, co-hosted with the 日本年金学会 and others. University students will present their research and exchange views with policymakers.
Minister Ibayashi spoke about cooperation with the Ministry of Land, Infrastructure, Transport and Tourism following the launch of the Disaster Management Agency, inbound tourism trends, and the stable housing of elderly residents in the urban redevelopment project in Itabashi Ward.
Holding the Reiwa 8 Airport Operations DX Promotion Public-Private Liaison Meeting! ~Matching Needs and Seeds to Improve Productivity in Airport Operations and Promote FAST TRAVEL~
Published ・ Source Japan | 国土交通省
The 国土交通省, jointly with the 定期航空協会, the National Airport Operators Association, and the Airport Ground Handling Association, will hold the "Airport Operations DX Promotion Public-Private Liaison Meeting" on Reiwa 8 Nov. 12 to share information between the public and private sectors and match needs and seeds toward improving productivity in airport operations and promoting FAST TRAVEL.
Start of Recruitment for the Second Call for Applications for the Reiwa 8 "Logistics Efficiency Promotion Project" (Subsidy Program)
Published ・ Source Japan | 国土交通省
To reduce greenhouse gas emissions and save labor in logistics, the Ministry of Land, Infrastructure, Transport and Tourism has opened the second call for applications for the "Logistics Efficiency Promotion Project." For relay truck transport businesses under the amended Logistics Efficiency Act, support for plan formulation costs and first-year operating costs has been added, with a budget of 24.7 million yen. The application period is from Reiwa 8 Nov. 2 to 19.
Discussing Further Efforts Toward Barrier-Free Buildings! ~Holding the Follow-up Meeting (10th) on Architectural Design Standards Considering Smooth Mobility of the Elderly, Persons with Disabilities, etc.~
Published ・ Source Japan | 国土交通省
The 国土交通省 will hold the "Follow-up Meeting on Architectural Design Standards (10th)" by web conference on Reiwa 8 Nov. 11 to discuss barrier-free access in small-scale buildings and store interiors, among other topics.
Reiwa 8 "Transportation Gap Resolution and Redesign Full-Scale Rollout Project": Project Selection in the 4th Call for Applications Targeting Areas Affected by the Reiwa 8 Kumamoto Earthquake ~Resolving "Transportation Gaps" Is a Growth Investment~
Published ・ Source Japan | 国土交通省
The 国土交通省 selected 2 projects of the "Transportation Gap" resolution type in the 4th call for applications of the "Transportation Gap Resolution and Redesign Full-Scale Rollout Project" targeting areas affected by the Reiwa 8 Kumamoto Earthquake.
Facts
2 projects were selected
The 4th call for applications was held
Reiwa 8 "Transportation Gap Resolution and Redesign Full-Scale Rollout Project"
Summary of Results of the 17th Conference of the Parties to the Convention on Biological Diversity (CBD-COP17), the 12th Meeting of the Parties to the Cartagena Protocol (CP-MOP12), and the 6th Meeting of the Parties to the Nagoya Protocol (NP-MOP6)
Published ・ Source Japan | 環境省
Summary of the results of COP17 of the Convention on Biological Diversity, MOP12 of the Cartagena Protocol, and MOP6 of the Nagoya Protocol, held in Yerevan, Armenia, from Oct. 19 to 30, 2026. Officials from relevant ministries and agencies, including the Ministry of the Environment, participated from Japan.
Regarding the Holding of the 269th Joint Meeting of the Chemical Substances Examination Subcommittee, etc., of the Environmental Health Committee of the Central Environment Council
Published ・ Source Japan | 環境省
The 環境省 will hold the joint meeting of the Chemical Substances Examination Subcommittee, etc., of the Environmental Health Committee of the Central Environment Council on Reiwa 8 Nov. 9. Part 1 is open to the public and will deliberate on screening assessments of general chemical substances and other matters, with a live broadcast on YouTube. Part 2 is closed to the public and will deliberate on new chemical substances.
Holding "GTF Green Challenge Day 2026 in Shinjuku Gyoen"
Published ・ Source Japan | 環境省
"GTF Green Challenge Day 2026 in Shinjuku Gyoen" will be held on Reiwa 8 Nov. 7 and 8, with the 環境省 and various companies and organizations setting up booths to carry out awareness activities on biodiversity.
Regarding Medical Judgment Results on the Certification of Designated Diseases under the Asbestos Health Damage Relief Act
Published ・ Source Japan | 環境省
On Reiwa 8 Nov. 2, the 環境省 notified the (独)環境再生保全機構 of the medical judgment results concerning the certification of designated diseases under the Asbestos Health Damage Relief Act. Judgments were made on 159 applications for medical expenses, etc. and 57 claims for special bereaved family condolence payments, etc., and additional materials will be requested for some of them.
Regarding the Holding of the 11th Meeting of the Subcommittee on Climate Change Impact Assessment and Adaptation of the Global Environment Committee of the Central Environment Council
Published ・ Source Japan | 環境省
Describes the outline, date and time, hybrid format, YouTube live broadcast, and the URL for materials of the 11th meeting of the Subcommittee on Climate Change Impact Assessment and Adaptation of the Global Environment Committee of the Central Environment Council.
Regarding the Holding of the Reiwa 8 Study Group on the Protection and Management of Cormorants
Published ・ Source Japan | 環境省
The Ministry of the Environment (環境省) will hold a study panel on the protection and management of the great cormorant on Nov. 12, Reiwa 8. After discussion by experts, the materials and a summary of the proceedings will be made public.
Publication of the report "The role of central banks and central bank money in evolving payment systems" by the BIS決済・市場インフラ委員会
Published ・ Source Japan | 日本銀行
The BIS決済・市場インフラ委員会 (CPMI) published a report on Oct. 29, 2026 on the role of central banks and central bank money in evolving payment systems. 日本銀行 is relaying an overview of the report.
Public solicitation of eligible counterparties for the funds-supplying operations to support climate change responses
Published ・ Source Japan | 日本銀行
On Nov. 2, 2026, 日本銀行 published materials on the public solicitation of eligible counterparties for the funds-supplying operations to support climate change responses.
At a press conference on Oct. 30, Governor Ueda of 日本銀行 explained that the Bank decided to maintain its guideline for money market operations and keep the policy interest rate unchanged. Because underlying inflation is now broadly consistent with the 2% target, the Bank plans to check how well this has taken hold and adjust the degree of monetary easing as necessary. It also decided to raise the pace of sales of its ETF holdings to about 860 billion yen per year.
Outlook for Economic Activity and Prices (October, full text)
Published ・ Source Japan | 日本銀行
日本銀行 released its Outlook for Economic Activity and Prices for October 2026, projecting that moderate growth will continue, supported by global AI demand and government measures. Prices are expected to rise to a level clearly above 2% owing to higher crude oil prices and rising semiconductor prices, but are seen as moving at around 2% over the medium to long term.
Factors Behind Changes in Current Account Balances and Money Market Operations (October results)
Published ・ Source Japan | 日本銀行
On Nov. 2, 2026, 日本銀行 released the factors behind changes in current account balances and the results of money market operations for October 2026. The month's current account balance was 418.4554 trillion yen, and reserve balances were 384.8304 trillion yen. The scale of the climate change response operations, the Loan Support Program and other items is moving year on year.
大阪泉州農業協同組合 "Komatsuna" (sold at Kotari-na) - Refund / Recall
Published ・ Source Japan | 消費者庁
Because the pesticide component propyzamide exceeding the standard value was detected in komatsuna sold by 大阪泉州農業協同組合, refunds and a recall will be carried out from Oct. 28, 2026.
Regarding damage in Akita Prefecture from heavy rain starting Oct. 21, Reiwa 8, Report 5 updated the information with 1 death reported, the lifting of evacuation orders, and the Fire and Disaster Management Agency's response structure.
Holding of the 3rd meeting of the 金融審議会 "Working Group on How to Provide Funds to Growth Companies, etc."
Published ・ Source Japan | 金融庁
The Financial Services Agency (金融庁) will hold the 3rd meeting of the 金融審議会 "Working Group on How to Provide Funds to Growth Companies, etc." on Nov. 9, Reiwa 8.
A team led by Chen Sheng-hong at 中研院 found that the spatial arrangement of cells can determine the propagation path and boundaries of ferroptosis. The study was published in the journal Cell.
Chiang Wan-an's entourage did not shout at the public, "The mayor is speaking, what's all the noise?"
Published ・ Source Taiwan | 台灣事實查核中心
A claim circulating online that members of Taipei Mayor Chiang Wan-an's entourage shouted at the public, "The mayor is speaking, what's all the noise?" is false. After the fact-check center compared livestream video and asked media present at the scene, the voice came from a group of camera journalists, not from Chiang Wan-an's team or Taipei City Councilor Chang Szu-kang.
Facts
Published: 2026-11-02
Report No.: 4377
1. The original event in the circulating video took place on the evening of Oct. 28
(from 11:56)
(video 12:55)
(video 13:07)
(video 13:10)
(video 13:20)
(video 13:21)
(video 13:26)
(from 47:56)
Chang Szu-kang also, on the Oct. 30 episode of the program 《新聞面對面》
(from video 2:20)
For example, at the 2016 Ma-Xi meeting
(from video 1:34)
New Taipei mayoral candidate Su Chiao-hui, in a joint media interview on Oct. 29
十銓科技股份有限公司 (4967) released its financial results for Q3 2026, showing its operating performance in the semiconductor industry. Basic earnings per share for the quarter reached NT$90.95, with revenue and net income after tax of NT$26.772 billion and NT$8.324 billion respectively.