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Featured FEATURE

What Is a Sovereign Wealth Fund? Why They're Piling Into NVIDIA and TSMC

Sovereign wealth funds—state-run investment vehicles built on oil revenue or foreign-exchange surpluses—have made NVIDIA and TSMC core long-term holdings during the AI wave. Norway's NBIM, the world's largest at roughly $2 trillion, discloses a $62 billion NVIDIA stake (1.28% of the company) and a $34 billion TSMC stake, but most other sovereign funds disclose far less, making NBIM's numbers a floor rather than the full picture.

林紀旭 James Lin
FEATURE

How Do Central Bank Rate Hikes and Cuts Affect Your Money? A Guide to Reading Policy Rates

Global central banks are moving in different directions in 2026: the Fed and Taiwan's central bank are holding at 3.50–3.75% and 2.00% with a hawkish tone, while the ECB, BOJ, and BOK have hiked or turned hawkish under Middle East-driven inflation pressure — and these policy rates feed directly into mortgages, savings, currencies, and stock valuations.

林紀旭 James Lin ·
FEATURE

Do Taiwan's Pure Online Banks Turn a Profit? What Accumulated Losses Reveal

Taiwan's three pure online banks narrowed combined accumulated losses to about NT$6.941 billion in H1 2026, down roughly 40% year over year — yet only LINE Bank has turned operationally profitable, while Next Bank's (將來) losses keep widening and Rakuten's (樂天) drop reflects capital-reduction accounting rather than earnings.

林紀旭 James Lin ·
BRIEF

Quantum Computing Stocks Rally in Unison on August 21 as Earnings Beat Low Bases

D-Wave, Rigetti, Quantum Computing Inc. and IonQ all gained between roughly 8% and 11.5% on August 21, lifted by quarterly results showing steep revenue growth from near-zero prior-year bases, a fresh $35 BMO Capital Markets price target on D-Wave, and NVIDIA's expanding quantum-GPU integration stack.

EffectStory 編輯部 ·
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Treasury Weighs $1 Trillion TGA Bond-Buying Plan as Yields Retreat, Wall Street Eyes Warsh's Jackson Hole Speech

US Treasury yields have retreated across maturities, with the 10-year falling to 4.704% in August 2025 and further to 4.031% by February 2026, as the Treasury weighs deploying up to $1 trillion from its TGA to buy bonds and extends its debt buyback program. Major banks including Barclays, RBC, and Societe Generale have cut their year-end 10-year forecasts, while markets watch Fed Chair Kevin Warsh's Jackson Hole address and a tariff court ruling.

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BRIEF

Taiwan Banks Add NT$489.6 Billion in Bonds in H1 2026 as Stock Market Gains Hit Record High

Taiwan's banking sector posted unrealized stock market gains of NT$894.9 billion at the end of June 2026, up 124% year-on-year to a historical high, while adding a net NT$489.6 billion in bonds during the first half. In June alone, banks cut Taiwan stock holdings by NT$6.4 billion but turned net bond buyers with NT$48.6 billion in purchases. Taiwan's banking, insurance, and securities sectors together held NT$5.8838 trillion in stocks and NT$32.1531 trillion in bonds.

EffectStory 編輯部 ·
BRIEF

US Treasury Doubles Long-Bond Buybacks After 30-Year Yield Hits 19-Year High

The US Treasury doubled its 10-to-30-year bond buyback size from a maximum of $2 billion to at least $4 billion per operation, running September 9 to November 4, after the 30-year yield hit a 19-year high of 5.34% on August 18. The yield fell 9 basis points to 5.19% after the announcement, but analysts note the buyback is small next to a $32.2 trillion market.

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BRIEF

CK Hutchison Files $1.5 Billion Arbitration Against Panama Over Revoked Canal Port Concession

CK Hutchison Holdings (長江和記實業) filed international arbitration against Panama on August 20, 2026, seeking over US$1.5 billion after Panama's Supreme Court voided its port concession in January. Panama Ports Company (巴拿馬港口公司, PPC) separately seeks at least US$2 billion, while China and Hong Kong have pledged to defend the firms' rights and the US has welcomed the court ruling.

EffectStory 編輯部 ·
BRIEF

Tai Hua Holdings: 5% Capacity Squeeze Keeps Q3 Freight Rates Elevated, Sees No Sharp Q4 Reversal

Tai Hua Holdings (台驊控股) general manager Yen Yi-tsai (顏益財) said roughly 5% of overall shipping capacity was disrupted in the third quarter of 2026 by peak-season demand, one-off incidents, and structural constraints, keeping freight rates at elevated levels with no major problems for Q3. He added that even if rates correct in the fourth quarter, a sharp collapse is unlikely, though a quick reversal in market conditions depends on whether the Red Sea and Hormuz Strait "twin sea crisis" clearly eases.

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BRIEF

New Taiwan Dollar Pushes Past 31 as Taiwan Stocks Surge and Foreign Capital Returns

The New Taiwan Dollar closed at 31.952 against the US dollar on 2026-03-25, holding above the 31 handle as Taiwan's benchmark index jumped 826.87 points and foreign investors ended a four-day selling streak with NT$36.327 billion in net buying. On 2026-08-14, the currency rallied further, opening at 32.15 and reaching a session high of 31.991 as cooling US inflation data weighed on the dollar.

EffectStory 編輯部 ·
BRIEF

LINE Bank Extends Profit Streak to Seven Months as Taiwan's Digital Banks Narrow Combined Losses to NT$6.94 Billion

LINE Bank (連線商業銀行) posted pre-tax profit for seven straight months through June 2026, and Taiwan's three digital-only banks together cut accumulated losses to NT$6.941 billion from NT$8.498 billion a year earlier. Rakuten Bank (樂天銀行) sharply reduced its losses through recapitalization, while Next Bank's (將來銀行) losses widened as it kept expanding lending.

EffectStory 編輯部 ·
BRIEF

FamilyMart's Fresh-Food-Plus Revenue Share Tops 35% as Taiwan-Japan Joint Development Deepens

FamilyMart (全家便利商店) said its fresh-food-plus category topped 35% of total revenue in 2024, exceeding NT$30 billion, while full-year consolidated revenue reached NT$105.1 billion, up 5.52% year on year. The company is expanding a first-ever Taiwan-Japan joint product line with Japan's FamilyMart and Tokyo Banana, projected to lift related-category sales by 20%, built on ingredient supply from longtime partner Wei Chuan Foods (味全食品).

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Everlight Electronics: No More Plant Sales Beyond Chunan, Thailand Plant to Start Production in Second Half of 2027

Everlight Electronics (億光電子) says it has no plant-sale plans beyond its already-divested Tongluo (銅鑼) facility, while a new Thailand plant that broke ground in August 2026 is due to start production in the second half of 2027. Current capacity utilization sits below 70%, and capex through next year — roughly NT$1.5 billion to NT$2 billion — is going mainly to the Thailand site.

EffectStory 編輯部 ·
BRIEF

Taiwan's 20-ETF Ex-Dividend Rush: 00923 and 00982A Post Above-10% Annualized Yields

Twenty Taiwan-listed ETFs go ex-dividend on August 18, 2026<CITE:E1>. Among them, active fund 00982A offers a NT$0.64 per-share payout with an estimated 11% annualized yield<CITE:E2>, while passive fund 00923 raises its per-share distribution to a record NT$3.05<CITE:E4>, and eight passive ETFs top 10% annualized yield<CITE:E11>.

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BRIEF

Sunten Board Approves Fourth Buyback: NT$840 Million to Transfer Shares to Employees

Sunten's board approved a fourth share buyback of 20,000 lots at NT$28–42 per share, capping spending at NT$840 million, with shares earmarked for employees.<CITE:E1><CITE:E11> The move follows a first-half per-share loss of NT$11.24, alongside NT$3.29 billion in net cash inflow and a NT$2.25 dividend set for ex-rights on August 17.<CITE:E3><CITE:E4><CITE:E9>

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BRIEF

Berkshire's Alphabet Stake Surges 83%, Becomes Third-Largest Holding

Berkshire Hathaway's Alphabet stake rose 83% in the second quarter, lifting the position to about 106 million shares worth roughly $37.8 billion and making it Berkshire's third-largest equity holding<CITE:E1>. The conglomerate also bought $23.5 billion in stock while selling $3.7 billion, ending 14 straight quarters of net selling<CITE:E6>.

EffectStory 編輯部 ·
BRIEF

New Taiwan Dollar Pauses at NT$32.167 at Midday, Up 7.9 Points

According to the Central News Agency (CNA), the New Taiwan Dollar (新台幣) paused at NT$32.167 against the US dollar at midday trading on the Taipei foreign exchange market on August 13, 2026, up 7.9 points from the prior session, with turnover reaching US$892 million by midday.

林紀旭 James Lin ·
BRIEF

Guangju Crystal Electric Posts Q2 Turnaround With EPS NT$0.58, Raises Full-Year Profit Outlook

According to Liberty Times (自由時報), Guangju Crystal Electric (光聚晶電, TWSE: 6111) swung to a Q2 2026 net profit of over NT$58 million, EPS NT$0.58, after a Q1 net loss of NT$20 million. First-seven-month revenue hit NT$7.318 billion, up 152.09% year-on-year, and CNYES reported full-year profit is expected to improve further.

林紀旭 James Lin ·
BRIEF

Taiwan Mobile to Launch Tender Offer for Systex at Implied NT$184.5 Per Share, ~29.5% Premium

Taiwan Mobile (台灣大哥大) announced on August 12, 2026 that its wholly owned subsidiary Taixin Telecom (台信電訊) will tender for at least 39% of Systex Corporation (精誠資訊), pushing total ownership above 50%. According to United Daily News (UDN) and the Central News Agency (CNA), the offer implies about NT$184.5 per Systex share, a premium of roughly 29–29.5%, with total deal value between NT$19.58 billion and NT$29.13 billion.

林紀旭 James Lin ·
BRIEF

STARLUX Airlines Posts H1 Net Loss as Q2 Jet Fuel Costs Jump 124%, Secures Airport Ground-Handling License

According to Central News Agency (CNA) and Liberty Times reporting, STARLUX Airlines (星宇航空) posted first-half 2026 revenue of NT$28.553 billion, up 30% year-on-year, but a 124% year-on-year jump in second-quarter jet fuel prices pushed the carrier to an after-tax net loss of about NT$346 million, or NT$0.11 per share. STARLUX also obtained an airport ground-handling service license on August 10.

林紀旭 James Lin ·
BRIEF

RBI Governor: BRICS Nations Discussing Linking Fast Payment Systems With Central Bank Digital Currencies

Reserve Bank of India (RBI) Governor Sanjay Malhotra said BRICS member countries are discussing linking their fast payment systems with central bank digital currencies (CBDCs), according to reports from TechNews and UDN Money on August 11, 2026. Reuters earlier reported that RBI had recommended adding the CBDC-linking proposal to the 2026 BRICS summit agenda.

林紀旭 James Lin ·
BRIEF

US FCC Drafts Ban on New Chinese Optical Transceivers as Innolight, Eoptolink Shares Slide

According to Technews, also reported by CNA and ETtoday, the US FCC is drafting a measure to ban imports of new Chinese-made optical transceivers, with officials hoping to finalize it this year, though it could still be revised or shelved. The news drove same-day share drops of 7.27% for Innolight (中際旭創) and 5.29% for Eoptolink (新易盛), while Beijing's foreign ministry called the move protectionist.

林紀旭 James Lin ·
BRIEF

Taikang Biotech's July Revenue Jumps 183.97% YoY to NT$212 Million on Royalty and CDMO Growth

According to MoneyDJ, Taikang Biotech (台康生技, TWSE: 6589) posted July 2026 revenue of NT$211.799 million (about NT$212 million), up 183.97% year-over-year from NT$74.585 million in July 2025. Cnyes reported the same figure with an 86.93% month-over-month gain, while cumulative January–July revenue reached NT$832.545 million, up 70.91% year-over-year. The company attributed the increase to gradual recognition of self-owned product licensing royalties and growth in its CDMO business.

林紀旭 James Lin ·