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Cathay Financial

Asia Markets: Sydney, Hong Kong off highs as Taipei declines

By V. Phani Kumar, MarketWatch HONG KONG (MarketWatch) -- Asian markets surrendered some early gains by midday Wednesday, as investors awaited the outcome of deliberations by countries around the world to find a solution to the...

Taipei shares sharply lower at mid-morning; local rescue measures ignored

TAIPEI (XFN-ASIA) - Share prices were sharply lower across the board at mid-morning following big declines on global markets on Friday, with sentiment remaining weak due to the credit crisis, dealers said. There was pent-up...

Taipei shares close lower as rate cuts fail to dispel global concerns - UPDATE

TAIPEI (XFN-ASIA) - Share prices closed an erratic session lower, reflecting a generally cautious mood even after the local central bank joined the Federal Reserve and other major counterparts in cutting interest rates to boost...

Taipei shares off lows on support from govt-related funds

TAIPEI (XFN-ASIA) - Share prices were off their lows as support from government-related funds, focused mainly on technology heavyweights, helped limit the market's losses after an early slide driven by sharp losses on Wall...

AIG to sell operations in Thailand and the Philippines

American International Group, crippled by losses related to bad mortgages, said Monday that it had received offers for its Philippine insurance businesses and that it would sell its Thai consumer finance operations. Once the...

Taipei shares end lower on tech sell-off after US Senate bailout vote - UPDATE

TAIPEI (XFN-ASIA) - Share prices closed lower as a sell-off in technology heavyweights more than offset a rebound among construction, financial and other non-tech shares after the US Senate approved a revised bailout plan for...

Taipei shares end lower on bailout setback; 9-month index fall is 33pct -UPDATE

TAIPEI (XFN-ASIA) - Share prices closed sharply lower in thin turnover following an historic selloff on Wall Street after the House of Representatives rejected the 700 bln usd bailout plan for the US financial sector....

Taipei shares lower on US bailout plan worries; financials down - UPDATE

TAIPEI (XFN-ASIA) - Share prices were lower in early trade amid uncertainty over the US government's 700-bln-usd financial sector bailout plan, which is still being debated by lawmakers. Financial firms remained under...

AIG Taiwan says operations normal amid Fed loan

TAIPEI, Sept 22 (Reuters) - American International Group's Taiwan life insurance operations remain normal and its clients unaffected despite issues being faced by the parent company, the Taiwan unit said in a statement on...

Taipei shares close sharply higher on US plans; down 5.4 pct for the week UPDATE

TAIPEI (XFN-ASIA) - Share prices closed sharply higher following a rebound on Wall Street as the US government plans measures to help financial institutions deal with bad assets. Large-caps led a broad rally as investors...

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