About this episode
Good afternoon, I'm _____ with today's episode of EZ News.
Tai-Ex opening
The Tai-Ex opened up 24-points this morning from yesterday's close, at
32,828, on turnover of $11-billion N-T.
The Taiwan stock market hit a record high today as shares of chipmaker
T-S-M-C soared to a new peak, and memory chip suppliers also saw big gains.
Analysts say the surge was driven by investor optimism over the artificial
intelligence boom and upcoming earnings reports from U.S. tech giants like
Microsoft and Meta.
Beyond tech, petrochemical stocks rose because of higher crude oil prices and
tensions in Iran, while electric machinery companies also gained value as the
government works to improve the national power grid.
However, some analysts warn the market could face resistance as it approaches
the 33,000-point mark.
(NS)
Prosecutors Seek Taiwan Man Detention for Alleged Money Laundering
Prosecutors are seeking to detain the Taiwanese manager of a gambling ring
accused of laundering money from China through local shell companies.
The Taipei District Prosecutors Office says a Chinese national set up several
companies in Taiwan starting in 2016.
The group allegedly hired engineers to design gambling software for overseas
markets, then used fake transactions and false invoices to move illegal
profits back into Taiwan.
On Tuesday, authorities searched four locations and questioned 12 people,
including accountants and engineers.
Nine suspects were released on bail.
But prosecutors are asking the court to hold the Taiwanese manager without
bail, citing the risk that he might collude (??) with others.
(NS)
Russia Warn on Ukraine Casualties Could Hit 2Million
A new report warns that combined (???) war casualties in Russia's war on
Ukraine could soon hit 2 million
AP correspondent Laurence Brooks reports
Germany Deutsche Bank Searched in Money Laundering Probe
German investigators searched the offices of Deutsche Bank, Germany’s
largest, on Wednesday in connection with an investigation into possible money
laundering.
Prosecutors in Frankfurt said that the probe focused on the bank’s prior
(???) business relationships to foreign entities which were in turn
suspected of being used to launder money.
Offices were searched in Frankfurt, where the bank is headquartered, and in
Berlin.
The bank said it was cooperating with investigators.
Rwanda
