iShares Inc iShares MSCI Taiwan ETF (ARCA: EWT)

iShares Inc iShares MSCI Taiwan ETF (ARCA:EWT), Quote.Headers.trade-ideas

iShares MSCI Taiwan Capped ETF

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The Fund seeks to track the investment results of the MSCI Taiwan 25/50 Index (the Underlying Index), which is a free float-adjusted market capitalization-weighted index that is designed to measure the performance of the large- and mid-capitalization segments of the equity market in Taiwan. The Underlying Index is rebalanced quarterly using an optimization process that aims to minimize the constituent weight differences between the Underlying Index and the MSCI Taiwan Index (the Parent Index). The Underlying Index uses a capping methodology that limits the weight of any single group entity (constituents that MSCI determines have a control relationship) to a maximum of 25% of the Underlying Index weight, and the sum of all group entities with a weight above 5% to an aggregate of 50% of the Underlying Index weight. A group entity is a group of companies that operate as an affiliated corporate group but may separately issue listed securities.

Taiwan Semiconductor Manufacturing Co. Ltd.

iShares MSCI Taiwan ETF

Semiconductor.Shutterstock

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The AI frenzy is driving a surge in Taiwan&#39;s ETF market, raising concerns among analysts and regulators about the market&#39;s stability.

AI Craze Fuels Taiwan ETF Boom, Raising &#39;Concerns&#39; Over Market Stability: &#39;How Much Higher Can They Go?&#39;

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President Biden and China&#39;s President Xi Jinping spoke for the first time since 2023, discussing issues such as trade and national security, including concerns about AI and semiconductor technology.

Biden-Xi Talks Continue: Technology Block, Taiwan Top &#39;Candid Exchange Of Views&#39;

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The U.S. stock market wasn’t the only one to rally in 2023, and many U.S.-based investors would have found it beneficial to diversify their portfolios with global stocks and ETFs from roaring emerging market economies.

These 3 Debt-Burdened Nations Lead 2023&#39;s Best Country ETFs, Surpassing Nasdaq 100

iShares Inc iShares MSCI Taiwan ETF

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Edgewise Therapeutics, Inc. - Common Stock

Edgewise Therapeutics Inc

On September 5, 2024, U. S. Steel, along with the United Steelworkers union ("USW") and Wheeling-Nippon, has filed antidumping and countervailing duty petitions with the United States Department of Commerce ("DOC") and the United States International Trade Commission ("ITC"), on imports of corrosion-resistant steel ("CORE") from Australia, Brazil, Canada1, Mexico, Netherlands, South Africa, Taiwan, Turkey, United Arab Emirates, and Vietnam.
Duane D. Holloway, Senior Vice President, General Counsel and Chief Ethics &amp; Compliance Officer of U. S. Steel, commented, "As we have for decades, U. S. Steel continues to lead the domestic industry in the fight against unfair trade on behalf of our workers, families, communities, and customers we serve. These new trade cases—the largest filed by U. S. Steel in nearly a decade—will address low-priced and subsidized CORE imports that continue to pour into the U.S. market. These cases aim to restore a level playing field and support our investments in Big River Steel's new dual coating line and second mini-mill in Arkansas, as well as U. S. Steel's CORE facilities across the country."

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iShares MSCI Turkey Investable Market Index Fund

U.S. Steel, USW And Wheeling-Nippon Files Antidumping And Countervailing Duty Petitions With The U.S. DOC And The U.S. ITC, On Imports Of Corrosion-Resistant Steel From Australia, Brazil, Canada, Mexico, Netherlands, South Africa, Taiwan, Turkey, United Arab Emirates, And Vietnam

<a href="https://asia.nikkei.com/Business/Technology/Artificial-intelligence/Acer-aims-to-boost-AI-PCs-to-40-of-shipments-next-year">https://asia.nikkei.com/Business/Technology/Artificial-intelligence/Acer-aims-to-boost-AI-PCs-to-40-of-shipments-next-year</a>
&nbsp;Taiwanese PC manufacturer Acer plans to sharply increase shipments of computers equipped with artificial intelligence features, Chairman and CEO Jason Chen told Nikkei.
Acer will raise the share of Copilot+ PCs among deliveries to 40% by the third quarter of 2025. Copilot+ is a&nbsp;class of PCs designed to run AI developed by Microsoft.
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ACEIY

'Acer Aims To Boost AI PCs To 40% Of Shipments Next Year; Price Of Copilot+ Models To Come Down As Chip Supplies Improve, CEO Says' - Nikkei Asia

Avoiding CO2 Emissions Equivalent To 80,000 Households Over Agreement Duration

Air Products San Fu Signs 10-Year Solar Power Purchase Agreement With Tatung Forever Energy To Support Decarbonization Of Taiwan's Industrial Gases Sector

Visit to Washington area this week comes at sensitive time in relations between Beijing and Taipei
 <a href="https://www.ft.com/content/c4c5f7b3-9506-422b-a892-7b89e90a1631" title="https://www.ft.com/content/c4c5f7b3-9506-422b-a892-7b89e90a1631">https://www.ft.com/content/c4c5f7b3-9506-422b-a892-7b89e90a1631</a>

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'Taiwan's top security officials make secret trip to US for talks' - Financial Times

Macro Economic Events

Ex-National Security Advisor O'Brien Says China Decoupled W/ U.S., Wants To Control Tech Of Future; Free World Is Waking Up To Threat Of China; Taiwan Is A Very Important Partner To U.S.; Wouldn't Be Surprised If Haley Came Back To Trump Admin; Ukraine Aid Has Been Too Little Too Late; U.S. Needs To Put Maximum Pressure On Russia

- Reuters Citing House Financial Services Hearing

U.S. Treasury's Yellen Says Restrictions On Investment Into China For Artificial Intelligence Are Narrowly Targeted At Clear National Security Risks; Taiwan Has Not Expressed Any Interest In Joining The International Monetary Fund; U.S. Has Supported Engagement Between The IMF And Taiwan

U.S. government approves foreign military sale of the Switchblade 300 in support of Taiwanese national security
The U.S. Department of State announced approval of a possible foreign military sale of AeroVironment (AV) <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.avinc.com%2Flms%2Fswitchblade&amp;esheet=54089911&amp;newsitemid=20240702992307&amp;lan=en-US&amp;anchor=Switchblade%26%23174%3B+300&amp;index=1&amp;md5=c2f535057c181184cdb0d22061e2949b">Switchblade&#xAE; 300</a> loitering munition systems to Taiwan for an estimated $60.2 million. The proposed sale will bolster Taiwan's defensive capabilities and supports U.S. national security and economic interests in the Indo-Pacific region.
This press release features multimedia. View the full release here: <a href="https://www.businesswire.com/news/home/20240702992307/en/">https://www.businesswire.com/news/home/20240702992307/en/</a>
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AV's combat-proven Switchblade 300 systems have been deployed by the U.S. Army for more than a decade and are currently providing real-time ISR and precision strike support on battlefields in Ukraine. Ideal for use against beyond-line-of-sight targets, Switchblade systems were previously approved by the U.S. Government for use by Ukraine, France, the United Kingdom and additional allies after Russia's 2022 invasion of Ukraine. The latest iteration of the system – Switchblade 300 Block 20 – features alternative warheads, including an armor penetrating capability, increased target attack angle, and significantly greater battery life, flight endurance, and radio link range.

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AVAV

The U.S. Department Of State Announced Approval Of A Possible Foreign Military Sale Of AeroVironment Switchblade 300 Loitering Munition Systems To Taiwan For An Estimated $60.2M

NVDA

Hedge Fund Coatue's Founder Philippe Laffont Says AI Is Not Overhyped; If China Invaded Taiwan It Would Adversely Affect The Chip Industry, Including Nvidia; He Is Concerned About How Geopolitical Conflicts Could Impact The Chip Industry

Taiwan Defence Ministry: 62 Chinese Military Aircraft, 27 Ships Involved In Drills Around Taiwan On Friday

Taiwan Says 35 'People's Liberation Army' Planes Crossed Median Line Of Strait

<a href="https://www.cnbc.com/2024/05/20/taiwan-new-president-lai-ching-te-takes-office-amid-tensions-with-china.html">https://www.cnbc.com/2024/05/20/taiwan-new-president-lai-ching-te-takes-office-amid-tensions-with-china.html</a>
<ul>
<li>Taiwan&#39;s new president, Lai Ching-te, was sworn in on Monday, amid rising tensions with China which is deeply suspicious of the current leadership.</li>
<li>Lai&#39;s takes over from his predecessor Tsai Ing-wen after securing a victory in January&#39;s election&nbsp;that ushered in an unprecedented third presidential term for the Democratic Progressive Party.</li>
</ul>
Taiwan&#39;s new president, Lai Ching-te, was sworn in on Monday, amid rising tensions with China which is deeply suspicious of the current leadership and has previously referred to the incoming leader as a &quot;stubborn worker&quot; for the island&#39;s independence.
Lai takes over from his predecessor Tsai Ing-wen after securing a <a href="https://www.cnbc.com/2024/01/13/taiwan-2024-election-dpps-lai-ching-te-wins.html">victory in January&#39;s election&nbsp;</a>that ushered in an unprecedented third presidential term for the Democratic Progressive Party.
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Together with Lai, Hsiao Bi-khim, 52, a former de facto Taiwan ambassador to the United States, was also sworn in as vice president.
Lai is widely expected to reaffirm the status quo in cross-strait relations with China.
He earlier pledged commitment to Tsai&#39;s foreign and defense policies of strengthening the island&#39;s ties with the United States and its allies as well as boosting defense capabilities.

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Beijing considers democratically governed Taiwan as its own territory and Chinese&nbsp;President&nbsp;Xi Jinping&nbsp;regards reunification with the mainland &quot;<a href="http://www.gwytb.gov.cn/topone/202312/t20231231_12590901.htm">a historical inevitability</a>.&quot;
China has repeatedly denounced Lai as a &quot;<a href="http://www.gwytb.gov.cn/xwdt/xwfb/wyly/202401/t20240111_12592825.htm">stubborn worker for Taiwan independence</a>&quot; and a dangerous separatist. In recent weeks, Beijing has increased military incursions around the island ahead of the Lai&#39;s inauguration, <a href="https://www.straitstimes.com/asia/china-military-incursions-inch-closer-to-taiwan-sources-say">according to Reuters.</a>
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This has been a thorny issue in Beijing&#39;s complex relationship with the U.S., which <a href="https://www.whitehouse.gov/briefing-room/speeches-remarks/2024/01/13/remarks-by-president-biden-before-marine-one-departure-41/">does not support Taiwan independence</a> but has called for <a href="https://www.whitehouse.gov/briefing-room/press-briefings/2024/01/11/background-press-call-by-a-senior-administration-official-on-taiwan-elections/#:~:text=We%20do%20not%20support%20Taiwan,both%20sides%20of%20the%20Strait.">cross-Strait differences to be resolved peacefully</a>, &quot;in a manner that is acceptable to the people on both sides of the Strait.&quot;
Xi told his U.S. counterpart&nbsp;<a href="https://www.cnbc.com/joe-biden/">Joe Biden</a>&nbsp;on the sidelines of the APEC leaders summit in November that Taiwan has always been the &quot;<a href="https://www.mfa.gov.cn/eng/zxxx_662805/202311/t20231116_11181442.html">most important and sensitive</a>&quot; issue in China-U.S. relations.
While Lai won the presidency in January, the DPP lost its majority in the legislature and only has a narrow mandate. &nbsp;
Kuomintang or KMT, Beijing&#39;s preferred political partner, has more seats than the DPP but not enough to have a majority on its own.&nbsp;

'Taiwan's New President Lai Ching-Te Takes Office Amid Tensions With China' - CNBC

President Biden Says New U.S. Tariffs Are Strategic And Targeted; Former President Trump's Proposed Across-The-Board Tariffs Would Drive Up Costs For Families; I Want Fair Competition With China, Not Conflict; U.S. Standing Up For Peace And Stability Across The Taiwan Strait

<a href="https://earthquake.usgs.gov/earthquakes/map/?currentFeatureId=us6000mwnh&amp;extent=-10.31492,85.07813&amp;extent=52.69636,157.93945" title="https://earthquake.usgs.gov/earthquakes/map/?currentFeatureId=us6000mwnh&amp;extent=-10.31492,85.07813&amp;extent=52.69636,157.93945">https://earthquake.usgs.gov/earthquakes/map/?currentFeatureId=us6000mwnh&amp;extent=-10.31492,85.07813&amp;extent=52.69636,157.93945</a>

5.4 Magnitued Earthquake 27 km SSW Of Hualien City Taiwan

The AI frenzy is driving a surge in Taiwan&#8217;s ETF market, raising concerns among analysts and regulators about the market&#8217;s stability.
What Happened: The Taiwan ETF market has seen a significant influx of capital as investors seek exposure to the AI supply chain, Reuters reported. This has led to a shift in the ownership structure of the $2 trillion market, which is a geopolitical flashpoint.
The ETF sector in Taiwan, valued at T$4.74 trillion ($145.8 billion) as of March, has seen a 77% increase from the previous year. This growth far outpaces the 20% rise in the benchmark equity index.
However, the rapid inflow of investments, much of which is leveraged, has raised concerns about a potential market reversal. Regulators and ETF managers worry that less experienced investors could face significant losses if the market sours or geopolitical tensions with China escalate.
&#8220;Our clients have concerns. Taiwan stocks have risen above 20,000 points. How much higher can they go?&#8221; said Peter Yang, manager of an ETF launched by Fuh-Hwa Securities Investment Trust.
See Also: <a href="https://www.benzinga.com/news/24/04/38539846/hillary-clinton-on-another-trump-presidency-it-wouldnt-be-as-bad-as-it-was-last-time-it-would-be?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Hillary Clinton On Another Trump Presidency: &#8216;It Wouldn&#8217;t Be As Bad As It Was Last Time, It Would Be&#8230;&#8217;</a>
ETFs in Taiwan include broad index trackers, dividend funds, and thematic and sector funds, and are popular among both local and foreign investors. 
The market&#8217;s vulnerability was evident when Middle East tensions and a warning of subdued global demand from industry leader Taiwan Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) triggered a wave of selling in chip stocks.
&#8220;Generally investors see ETFs as investments that will always be profitable. That is not necessarily correct. However, in the longer term, Taiwan and U.S. ETFs in this sector can be expected to reliably trend upwards because of the tremendous potential of new applications such as AI,&#8221; said Peter Hong, manager of Capital TIP Customised Taiwan High-Tech Dividend &amp; Growth ETF.
However, the market&#8217;s stability is now being questioned as the AI stock rally has become fickle and volatile. This surge in ETF investments is also raising concerns about the potential impact of any shifts in chip demand and geopolitical risks on the market.
&#8220;ETFs mostly track the broader market, making them vulnerable and unprotected when there is volatility in the market,&#8221; said Adrian Wang, a senior vice president of Cathay Securities Investment Trust.
The iShares Inc iShares MSCI Taiwan ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWT#NYSE">EWT</a>) has demonstrated a remarkable 1-year return of 23.99%, making it one of the standout performers in the Taiwan-focused ETF market.
Why It Matters: The surge in Taiwan&#8217;s ETF market is largely driven by the <a href="https://www.benzinga.com/news/24/04/38180836/key-nvidia-apple-supplier-tsmc-led-ai-stock-craze-boosts-taiwans-etf-market-with-50b-surge">AI stock craze</a>. This fervor has seen investments in local stock ETFs surpass $50 billion, with the local benchmark index climbing by 30% in the past year, largely attributed to a 55% gain by TSMC, a major semiconductor supplier for Apple and NVIDIA.
The AI industry&#8217;s expansion is driving a surge in demand for crucial components, such as high-bandwidth memory (HBM) chips, used in AI chipsets. This has led to a significant increase in <a href="https://www.benzinga.com/news/24/04/38334748/pay-more-for-chips-made-outside-taiwan-as-ai-demand-soars-and-global-expansion-continues-taiwan-semi">the price of chips</a> manufactured outside of Taiwan, prompting TSMC to adjust its pricing model. 
Despite these challenges, TSMC announced the launch of its new <a href="https://www.benzinga.com/news/24/04/38429949/taiwan-semi-sets-2026-launch-for-a16-chip-technology-aiming-to-outpace-intel-in-speed">chip manufacturing technology</a>, &#8220;A16,&#8221; in 2026, positioning the company against Intel in a competition to produce the world&#8217;s fastest chips.
Read Next: <a href="https://www.benzinga.com/news/24/04/38518177/29-year-old-tesla-worker-who-got-fired-says-he-slept-in-parking-lot-showered-at-factory-and-ate-micr?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">29-Year-Old Tesla Worker Who Got Fired Says He Slept In Parking Lot, Showered At Factory And Ate Microwaved Dinner: &#8216;Sacrificed A Lot For The Company&#8217;</a>
Image Via Shutterstock 
<hr class="wp-block-separator has-alpha-channel-opacity" />
Engineered by Benzinga Neuro, Edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>
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The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Learn more.</a>
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AI Craze Fuels Taiwan ETF Boom, Raising 'Concerns' Over Market Stability: 'How Much Higher Can They Go?'

<a href="https://asia.nikkei.com/Spotlight/Supply-Chain/Google-to-expand-hardware-R-D-team-in-Taiwan">https://asia.nikkei.com/Spotlight/Supply-Chain/Google-to-expand-hardware-R-D-team-in-Taiwan</a>
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NEW TAIPEI CITY, Taiwan -- Google is expanding its research and development hub for hardware in Taiwan as the American search engine giant doubles down on its commitment to its device ecosystem.
&quot;Taiwan is Google&#39;s largest hardware R&amp;D hub outside of the U.S.,&quot; Elmer Peng, vice president of hardware at Google, told Nikkei Asia in an exclusive interview on Thursday. &quot;As of 2024, we&#39;ve increased 20-fold the workforce in the past 10 years in Taiwan, and our team continues to grow. ... We are really serious about building an ecosystem.&quot;

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GOOGL

'Google To Expand Hardware R&D Team In Taiwan; Search Engine Giant 'Serious' About Beefing Up Equipment And Software Ecosystem' - Nikkei Asia

<a href="https://www.youtube.com/watch?v=qsi6uily0NY">https://www.youtube.com/watch?v=qsi6uily0NY</a>
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iShares MSCI Israel Capped Investable Market Index Fund

ISRA

President Biden On Ukraine, Israel Aid Bill, Says Now We Need To Move Fast; Ukraine Has The Will And The Skill To Win; Will Make Sure Shipments To Ukraine Start Right Away; Shipments Will Start In Next Few Hours

President Biden Says He Signed Ukraine, Israel, Taiwan Aid Bill Into Law; On Ukraine, Israel Aid Bill, Says It's A Great Day For World Peace; It Will Make America And The World Safer

5.2 Magnitude Earthquake 23 KM SSE Of Hualien City, Taiwan

Taiwan's Hualien Hit By Five Earthquakes In Nine Minutes Ranging from 4.4-5.8 Magnitude

U.S. House Minority Leader Jeffries Says Democrats Will Provide A Majority Of Their Caucus' Votes On The Aid Bills

Steepest Deterioration In Trade Conditions Since December 2023

Emerging Market Growth Decelerates In August While Price Pressures Ease

Chinese Bust Cycle Is Contagious

Markets Weekly Outlook - Central Banks To Rule The Roost

Weekly Commentary: Validating The Bubble Thesis - Q2 2024 Z.1 Report

China In 3D

China's Data Dump Shows That Time Is Running Out To Achieve This Year's Growth Target

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iShares Inc iShares MSCI Taiwan ETF

Overview

iShares Inc iShares MSCI Taiwan ETF (ARCA:EWT), Quote.Headers.trade-ideas