The 9th China International Import Expo will be held at the National Convention and Exhibition Center (Shanghai) from November 5th to 10th. As the world's first national-level exhibition with an import theme, the CIIE has become an important gateway for foreign-funded companies to enter China. It has attracted a total of 27,000 companies from more than 180 countries and regions to participate in the exhibition, and the intended transaction volume exceeded US$580 billion. This CIIE will have 169 companies and 30 overseas exhibition organizers achieving full attendance, and about 50% of the exhibitors will be repeat customers. Estee Lauder Group President Steve Staifeng will participate in the exhibition for the first time, demonstrating his long-term confidence in the Chinese market. The Cote d'Ivoire Export Bureau will organize a group of small and medium-sized enterprises to display special agricultural products, and the China-ASEAN Economic and Trade Center will launch a cross-border entrepreneur club. Multinational companies such as Boehringer Ingelheim and Henkel will showcase innovative products and deepen their R&D and layout in China. Platforms such as Greenland Trade Port and Bailian Co., Ltd. will take over the spillover effects of the CIIE and promote the conversion of exhibits into commodities. Shanghai will comprehensively improve service guarantees and optimize customs clearance and other facilitation measures.
Taiwan stocks have soared 72% this year, and the proportion of foreign investment in Taiwan stocks has reached 40%, which is higher than the 25% of Korean stocks. Fund managers believe that Taiwan's AI supply chain is more complete, and profit growth comes from increased shipments and is sustainable, while profits from Korean stocks are more dependent on rising memory prices, and the valuation difference reflects the market's doubts about South Korea's memory cycle.
Formosa Plastics and Chuangxi Information signed a letter of intent for cooperation, taking Formosa Plastics' Mailiao Industrial Park as the first cooperation site. They will jointly build an AI data center and plan to establish a CSP joint venture to be responsible for operations and computing services to strengthen Formosa's strategic positioning in the AIDC market.
SpaceX is seeking to raise $40 billion to buy Huida wafers. The deal is led by Apollo Global Management, with Pimco involved in loan negotiations. It is expected to be completed in 2027, which will further strengthen the relationship between the two parties and counter the competitive pressure faced by Huida.
Xiongan New Area is seeking to attract technology firms targeting valuations of 10 billion yuan or more, with goals to cultivate five such companies, ten valued above 5 billion yuan, and 100 core firms under its '511' three-year development plan, focusing on AI, satellite internet, and robotics sectors.
The U.S. Department of Commerce announced that the trade deficit reached US$105.6 billion in August, a month-on-month increase of 13.7%, exceeding market expectations. The expansion of the deficit is mainly affected by the increase in imports of AI infrastructure-related goods and the uncertainty of tariff policies. Although import growth reflects strong domestic demand, the trade deficit is still expected to drag down third-quarter GDP, prompting Goldman Sachs and the Atlanta Fed to lower their GDP growth forecasts.
Jingshuo Technology (3189) announced on the 6th that it purchased industrial land in Section 3 of Yanping Road, Pingzhen District, Taoyuan City, for NT$6 billion (tax included), covering an area of approximately 15,122 square meters. It will be used as land for the construction of a new factory to respond to the demand for high-level digital carrier boards driven by AI, high-performance computing and advanced packaging needs. Liu Meihua, chairman of Ruipu International Properties, pointed out that land exceeding 15,000 square meters with complete planning conditions is relatively scarce. Jingshuo Chairman Liao Cizheng once said that AI has become the main axis of the company's future operations and development. This land purchase continues its layout of purchasing the Shenghua Technology Young Lion Factory in 2021, showing that the company continues to invest factory resources to respond to the growth in demand for carrier boards in advance.
Thai perfumed coconuts and ASEAN fruits can be sold fresh from Southeast Asia to Chinese tables in as fast as 48 hours through shipping from Thailand to Qinzhou Port in Guangxi, fast customs clearance at Pingxiang Port, the China-Laos Railway and the New Western Land-Sea Corridor, covering many cities across the country and extending to catering and consumption scenarios. After the Pinglu Canal is opened to navigation, logistics costs are expected to be reduced by another 30%.
Getty Images, once the overlord of photo galleries, suffered a sharp decline in business due to the rise of generative AI, and its stock price plummeted 47.3% to US$0.042. It was delisted from the New York Stock Exchange and transferred to the over-the-counter trading market. Its market value shrank from US$2.14 billion in 2023 to US$17.42 million, with liabilities as high as approximately US$2 billion, and the US$3.7 billion merger plan with Shutterstock was terminated due to harsh regulatory conditions.
According to data from the German Federal Statistical Office, after seasonal and calendar adjustments, new industrial orders in Germany fell by 10.6% month-on-month in August, the largest decline of the year. The decline followed three consecutive months of growth, mainly due to a 61.5% decrease in large orders for manufacturing military vehicles, aircraft and other transportation equipment. Excluding large orders, the month-on-month decrease was only 0.1%. Both domestic and foreign orders fell, with domestic orders down 17.3% and foreign orders down 5.4%. The industry is worried about weak domestic demand, but some economists believe that the overall positive situation has not changed.
Gold prices rose 0.7% on Tuesday, with spot prices at $4,168.33 an ounce and futures at $4,187.10 an ounce. A pause in the rise in U.S. bond yields and a weak U.S. dollar supported gold prices, as investors awaited minutes from the Fed's September meeting to assess opportunities for interest rate hikes. Analysts at TD Securities expect gold prices to exceed $5,000 an ounce in 2027, citing increased ETF buying and continued demand from discretionary investors. At the same time, turmoil in the French bond market and worries about European sovereign debt have increased demand for safe havens. Silver rose 0.8%, platinum fell 1% and palladium was flat.
Data from the U.S. Department of Commerce showed that the U.S. trade deficit in goods and services rose to $105.6 billion in August, a month-on-month increase of 13.7%, the highest since March 2025. Import value increased by 4.3% to US$420.8 billion, and export value increased by 1.4% to US$315.2 billion. The goods trade deficit increased to US$136.6 billion, and the services trade surplus increased to US$31 billion. The merchandise trade deficits with Mexico, Vietnam, China, and the EU were US$277, 240, 164, and 11 billion respectively. US media analysis believes that the expansion of the deficit is mainly driven by the increase in imports of commodities in the field of artificial intelligence, such as semiconductors, computers, etc. At the same time, imports of crude oil and non-monetary gold have also increased significantly. Experts pointed out that although import growth is not conducive to GDP data, it reflects strong domestic demand in the United States rather than economic weakness.
The Peterson Institute for International Economics projects China's GDP will grow 4.6% in 2026 and 4.3% in 2027, down from 5% in 2025, citing overcapacity and a property slump weighing on domestic demand while export strength fades.
Taiwan stocks opened up 34.77 points on Wednesday. However, the decline of popular stocks such as TSMC and Delta Electronics caused the index to turn black. It once fell 255 points and retested 49,567 points during the session. Subsequently, electronic stocks such as communication networks, optoelectronics, transmission industry, and financial stocks reversed the trend and drove the index to pull sharply, and finally fluctuated near the flat market. U.S. stocks closed higher across the board on Tuesday, with the Dow Jones, Nasdaq, S&P 500 and Philadelphia Semiconductor Index all hitting record highs.
As Presidents Xi Jinping and Donald Trump discussed tariffs and trade at their Washington summit, China's ongoing reduction of US Treasury holdings and push for yuan internationalization remained an unspoken but significant topic, according to economists and a Fudan University finance professor.
Hong Kong's West Kowloon Cultural District is preparing to tender a prime residential site to ease financial pressures, but experts warn that land sales will only provide temporary relief and cannot replace a sustainable long-term funding model for the arts hub.
Chen Zhengwen, chairman of Nanqiao Investment Holdings, said that rice crackers and room-temperature rice produced by Nanqiao in Thailand continue to be in short supply. In the next three years, it is estimated that another 2.5 to 3 billion baht will be invested in expanding production lines and warehousing. It is estimated that Nanqiao's annual revenue this year is expected to reach 4.5 billion baht.
Due to the strong demand for AI customized chips next year, Taiwan Star Technology (3265) opened with a short jump to the upper limit of 217 yuan, with a trading volume of 1,945 contracts, and the daily limit limit of 19,000 contracts. The company stated that it will expand its testing and advanced packaging capabilities. HPC product revenue accounts for approximately 50%, and is expected to further increase in 2027 and 2028.
In July 2026, the price of Arabica coffee futures soared 18% to $3.57 per pound, setting the largest single-day increase in 26 years, and then fell sharply the next day. The market is worried that the El Niño phenomenon will intensify and excessive rainfall in Brazil will affect coffee supply, and ICE stocks have fallen to a 26-year low. At the same time, the Peruvian anchovy fishery has been affected by rising sea temperatures, with catches declining sharply and the price of fishmeal and fish oil more than doubling. Global cocoa, palm oil, sugar and other agricultural products are also facing climate pressure and supply uncertainty is increasing.
U.S. stocks closed higher across the board on Tuesday, with the S&P 500 and Nasdaq both hitting record closing highs. Stabilizing crude oil prices, falling U.S. bond yields and technology stocks led the market higher, with Taiwan stock ADRs closing lower, with TSMC ADR falling 0.72%.
Jingshuo (3189) received an upward revision of its target price to NT$1,580 from Japanese foreign investors, due to increased contribution from NVIDIA's CPU business, improved product mix, and the gross profit margin of high-end chip carrier boards may reach 50%. Today's stock price rose 3.27% to 1,105 yuan, with a trading volume of more than 2,352 contracts. Due to the strong demand for ABF carrier boards, the company added a new project capital expenditure budget for the second time, and its net profit increased by 353.89% year-on-year in August.
Huida's stock price continues to rise due to its strong financial forecast and its US$150 billion treasury stock plan, with its market value approaching US$6 trillion. Analysts believe that its growth and valuation are attractive, and its resilience in economic uncertainty has become the main driving force for the rise of the S&P 500 Index.
The Financial Supervisory Authority will issue the latest order to relax restrictions on the insurance industry's investment in health and welfare undertakings, including health promotion and long-term care peripheral commodity facilities and service undertakings, and lift restrictions on integration with insurance business to guide insurance funds to invest in related industries and enhance the flexibility of capital utilization.
