Taiwan is known to be the leading country in world in terms of chemicals fabrication, production and export due to the fact that the area is full of many different natural resources making it possible. This helps the country raise their economy and grow accordingly due to the need all over the world; being a global supplier. Lately, the country had a lot of different setbacks internally between companies and externally with competitors like China. These setbacks has caused a huge decrease in the market, the stock and the economy as a whole.
However, recent news on the chemical market in Taiwan has shown that the stocks’ value are getting higher day by day in the recent time. This was observed as the demand on certain items as the Chemicals, Optoelectronics and the Chemical/Bio & Medical has been increasing lately. It is important to tie the trade war between the United States and China with these news as every country is trying to shift their ties to other deals which can keep production going at better rates.
According to reports released the best performing stocks on the market known as the Taiwan Weighted was given to the company known as BizLink Holding Inc which showed an increase of 10% which is huge compared to the market change. Other companies such as Chaun-Choung Technology Corp and Leadtek Research Inc also showed an increase of 9.95% and 9.93 respectively. These changes are expected to turn the market back on track.