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Nvidia's forecast lifts AI stocks and Nasdaq futures
  + stars: | 2023-08-23 | by ( Noel Randewich | ) www.reuters.com   time to read: +2 min
S&P 500 E-Mini futures rose 0.5% and Nasdaq E-Mini futures climbed 0.9%, suggesting Wall Street is likely to open with gains on Thursday. Investors this week had anticipated Nvidia's results report as a potential spark to reignite gains in a sluggish U.S. stock market. Nvidia's forecast added to investor optimism. Big Tech and AI-related stocks saw their stock market values increase by over $70 billion, on top of Nvidia's increased value, as their shares climbed following the report. Nvidia forecast third-quarter revenue of about $16 billion, plus or minus 2%.
Persons: Ann Wang, Jacob Bourne, Noel Randewich, Chavi Mehta, David Gregorio, Bill Berkrot Organizations: REUTERS, Santa, Nasdaq, Nvidia, Intelligence, Big Tech, Microsoft, Google, Palantir Technologies, Devices, Broadcom, Marvell Technology, Micro, Refinitiv, Thomson Locations: Taipei, Taiwan, U.S, Santa Clara , California, Oakland, Calif, Bangalore
The shares eased 1.1% from a record high of $481.87 hit minutes after the market opened, crossing its previous peak of $480.88 on July 14. Reuters GraphicsThe company had in May forecast second-quarter revenue that was more than 50% above expectations. "To keep the stock price where it is, we would want to see bottom line start to support those share gains," said Brian Mulberry, client portfolio manager at Zacks Investment Management, which owns Nvidia shares. Nvidia shares have more than tripled in value so far this year. If Nvidia were to miss (expectations), this market would be in a world of pain," Dick said.
Persons: Ann Wang, Dennis Dick, Brian Mulberry, Goldman Sachs, Dick, Medha Singh, Amruta Khandekar, Anil D'Silva, Arun Koyyur Organizations: REUTERS, Nvidia, Wall, Triple D Trading, Reuters Graphics, Big Tech, Zacks Investment Management, Reuters, Thomson Locations: Taipei, Taiwan, Bengaluru
A Nvidia logo is seen on one of their products on display at their headquarters in Taipei, Taiwan May 31, 2023. REUTERS/Ann Wang/File Photo Acquire Licensing RightsNEW YORK, Aug 22 (Reuters) - Traders in the U.S. equity options market are expecting a larger-than-usual swing in Nvidia's (NVDA.O) shares following the chipmaker's quarterly results after the close on Wednesday, options market data showed. Nvidia options imply a nearly 11% swing for the shares, in either direction, by Friday, according to Trade Alert data. The stock has gained about 11% in the last seven sessions, taking its year-to-date gains to about 210%, and has drawn options bets on further gains. "The stock moves on earnings but you can't just assume it only moves up," he said.
Persons: Ann Wang, Steve Sosnick, Saqib Iqbal Ahmed, Ira Iosebashvili, Cynthia Osterman Organizations: REUTERS, Traders, Nvidia, Interactive, Thomson Locations: Taipei, Taiwan, U.S
A view of a Nvidia logo at their headquarters in Taipei, Taiwan May 31, 2023. Rising bets that Nvidia's revenue target will once again surpass Wall Street estimates have lifted the stock about 19% from a two-month low hit last week. That pushed its market capitalization above $1 trillion, making its stock the best performer on the S&P 500 index (.SPX). At least 19 brokerages have this month raised their target price on Nvidia, pushing the median view to $500, which is a 6.5% increase to the stock's last closing price. If Nvidia were to miss (expectations), this market would be in a world of pain," Dick said.
Persons: Ann Wang, Dennis Dick, Brian Mulberry, Goldman Sachs, Dick, Medha Singh, Amruta Khandekar, Gertrude Chavez, Dreyfuss, Anil D'Silva, Arun Koyyur, Lisa Shumaker Organizations: REUTERS, Nvidia, Dow, Nasdaq, Wall, Triple D Trading, Reuters Graphics, Big Tech, Zacks Investment Management, Reuters, Thomson Locations: Taipei, Taiwan, Bengaluru, Bengalaru, New York
A view of a Nvidia logo at their headquarters in Taipei, Taiwan May 31, 2023. Rising hopes of Nvidia's revenue target once again surpassing Wall Street estimates have fueled a 16.5% surge in shares over the past week. Reuters GraphicsThe company had in May forecast second-quarter revenue that was more than 50% above expectations. "Nvidia (and) AI story is what is driving the market right now. If Nvidia were to miss (expectations), this market would be in a world of pain," Dick said.
Persons: Ann Wang, Dennis Dick, Frank Lee, Dick, Medha Singh, Amruta Khandekar, Arun Koyyur Organizations: REUTERS, Nvidia, Wall, Triple D Trading, Reuters Graphics, Big Tech, HSBC Global Research, Reuters, Thomson Locations: Taipei, Taiwan, Bengaluru
Nvidia shares have nearly tripled in value this year, adding more than $700 billion to the company's market valuation and making it the first trillion-dollar chip firm. If Nvidia shows weakness, we could be in for quite a substantial correction in the market." Nvidia has only forecast revenue below estimates once in the past two years. Citi analysts said last week they were only modeling a revenue forecast of around $12 billion, but buy-side expectations have gone up to $14 billion. AMD expects to start shipping the chip in the fourth quarter and could control roughly 10% of the AI chip market next year, analysts said.
Persons: Ann Wang, Inge Heydorn, Heydorn, Piper, Harsh Kumar, doesn't overcharge, Kumar, Chavi Mehta, Aditya Soni, Anil D'Silva Organizations: REUTERS, Nvidia, Big Tech, GP, AMD, Citi, Google, Reuters, Thomson Locations: Taipei, Taiwan, China, Bengaluru
Taipei mayor to visit China as tensions simmer with Taiwan
  + stars: | 2023-08-18 | by ( ) www.reuters.com   time to read: +2 min
Taipei Mayor Chiang Wan-an with his team after the annual Minan civilian defense drill, which this year focuses on the response from various agencies and volunteer groups if under attack by China in front of Taipei City hall in Taipei, Taiwan May 4, 2023. Taipei Mayor Chiang Wan-an, from the main opposition party the Kuomintang, which traditionally favours close relations with China, will go to Shanghai on Aug. 29-31 for the Taipei-Shanghai City Forum, which was first held in 2010. The Taipei city government said Chiang, a rising Kuomintang star, would lead the delegation to the forum, the theme of which this year is "new trends, new development". The Kuomintang has pushed to resume contacts with China since pandemic controls were lifted, saying that dialogue was needed now more than ever given the tensions over Taiwan. China, which claims the island as its territory, has been carrying out military activities near Taiwan, including regularly sending fighter jets into the air space around it.
Persons: Chiang Wan, Ann Wang, Tsai Ing, Taipei Mayor Chiang Wan, Chiang, Ma Ying, Ben Blanchard, Robert Birsel Organizations: REUTERS, Rights, Shanghai, Kuomintang, Forum, Thomson Locations: Taipei, China, Taipei City, Taiwan, Rights TAIPEI, Shanghai, Taipei Mayor, Taiwan's, Kuomintang
Nvidia shares climb as analysts raise targets ahead of report
  + stars: | 2023-08-15 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Ann Wang/File Photo Acquire Licensing RightsAug 15 (Reuters) - Shares of Nvidia (NVDA.O) rose more than 3% in hefty trading volume on Tuesday after two brokerages raised their price targets for the chipmaker, heightening already lofty expectations ahead of its quarterly earnings report next week. Over $22 billion worth of Nvidia's shares were traded as of mid-day, beating out $14 billion of trades in Tesla (TSLA.O), which is usually the Wall Street's most traded stock. Nvidia shares rose as much as 3.5% before trimming gains. Analysts on average expect Nvidia to report a 66% surge in quarterly revenue to $11.13 billion, according to Refinitiv. That compares to Nvidia's forecast for quarterly revenue of $11 billion, plus or minus 2%.
Persons: Ann Wang, They've, Dennis Dick, Timothy Arcuri, Arcuri, Morgan Stanley, Wells, Aaron Rakers, Noel Randewich, Emelia Sithole Organizations: REUTERS, Nvidia, Tesla, Triple D Trading, UBS, NVDA's, Santa, Thomson Locations: Taipei, Taiwan, Philadelphia, Wells Fargo, Santa Clara , California
GQG Partners adds Nvidia, Amazon, Apple in Q2
  + stars: | 2023-08-11 | by ( ) www.reuters.com   time to read: +1 min
A view of a Nvidia logo at their headquarters in Taipei, Taiwan May 31, 2023. REUTERS/Ann Wang/File PhotoNEW YORK, Aug 11 (Reuters) - Australia-listed investment firm GQG Partners added more shares of Nvidia Corp (NVDA.O) in the second quarter, ending June with $5.9 billion invested in the chipmaker, according to regulatory filings on Friday. Shares in Nvidia are up roughly 180% year to date and reached $1 trillion in market capitalization, amid excitement over advancements in artificial intelligence. GQG held 13.9 million shares of Nvidia at the end of June, or 5.7 million more than it did on March 31. Reporting by Carolina Mandl in New York, editing by Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.
Persons: Ann Wang, Rajiv Jain, GQG, Carolina Mandl, Deepa Babington Organizations: REUTERS, GQG Partners, Nvidia Corp, Nvidia, Reuters, Amazon.com Inc, Apple Inc, Microsoft Corp, Carolina, Thomson Locations: Taipei, Taiwan, Australia, Fort Lauderdale , Florida, New York
Taiwan Semiconductor Manufacturing Company's (TSMC) logo is seen while people attend the opening of the TSMC global R&D center in Hsinchu, Taiwan July 28, 2023. REUTERS/Ann Wang/File PhotoBERLIN, Aug 7 (Reuters) - Taiwanese semiconductor manufacturer TSMC's (2330.TW) board of directors will decide in favour of building a factory in the German city of Dresden, the Handelsblatt daily reported on Monday, citing government sources. The German government will support the construction of the factory with 5 billion euros ($5.49 billion), according to the sources. TSMC, the world's largest contract chipmaker, has been in talks with the German state of Saxony since 2021 about building a fabrication plant, or "fab", in Dresden. It will operate the factory in a joint venture with partners Bosch (ROBG.UL), Infineon (IFXGn.DE) and NXP (NXPSM.UL), the sources told Handelsblatt.
Persons: Ann Wang, Bosch, Handelsblatt, Miranda Murray, Friederike Heine Our Organizations: Taiwan Semiconductor Manufacturing, REUTERS, Infineon, European, Intel, Thomson Locations: Hsinchu, Taiwan, German, Dresden, Saxony, Berlin, Europe, Brussels
Reuters was first to report the investment plans on Wednesday. The investment decisions follow a meeting between Foxconn Chairman Young Liu, Karnataka's IT minister Priyank Kharge, and Industries Minister MB Patil. Prime Minister Narendra Modi is also attracting investors for semiconductor manufacturing, which is his key business agenda currently. In Karnataka, Foxconn will collaborate with Applied Materials on a project for making semiconductor manufacturing equipment, and create jobs for around 1,000 people. India's Tamil Nadu state has also announced that Foxconn will invest $194 million in a new electronic components manufacturing facility that will create 6,000 jobs.
Persons: Ann Wang, Foxconn, Young Liu, Priyank Kharge, Liu, Narendra Modi, Munsif, Aditya Kalra, Himani Sarkar, Jane Merriman, Mark Potter Organizations: REUTERS, Applied Materials, Reuters, Industries, Patil, Micron, Materials, Thomson Locations: Taipei, Taiwan, BENGALURU, India's Karnataka, China, Karnataka, India, Gujarat, Tamil Nadu, Bengaluru
Taiwan's armed forces hold two days of routine drills to show combat readiness ahead of Lunar New Year holidays at a military base in Kaohsiung, Taiwan, January 11, 2023. REUTERS/Ann WangTAIPEI, Aug 2 (Reuters) - Taiwan's military vowed on Wednesday to step up counter-espionage efforts as authorities investigated several serving and former military officers suspected of spying for China. China, which is pressing the island to accept its sovereignty, has in recent years mounted a sustained espionage campaign to undermine democratically governed Taiwan's military and civilian leadership, a Reuters investigation has found. "Betraying your own fellow soldiers and country should be punished by law strictly," he said, adding that authorities had been working hard to prevent such incidents happening again. China's Taiwan Affairs Office did not immediately respond to a request for comment.
Persons: Ann Wang, Hsiao, Alex Huang, Yimou Lee, Robert Birsel Organizations: REUTERS, Reuters, army's Aviation, Special Forces Command, Central News Agency, CNA, Chinese Communist Party, Taiwan Affairs Office, Thomson Locations: Kaohsiung, Taiwan, Ann Wang TAIPEI, China, Taoyuan, Taipei
[1/3] Mobility in Harmony (MIH) Chief Executive Officer Jack Cheng speaks at an interview with Reuters at the headquarters of Foxconn's EV platform unit in Taipei, Taiwan July 27, 2023. India and Thailand are likely contenders for production sites, he said, adding that he expected India to be crucial to MIH's longer-term growth. "I'm building another Shanghai, probably in India," Cheng said. "If this is a Foxconn plant, fantastic, it's the mother company, we put it into the Foxconn plant. If this is a local India plant and it's even more competitive, give it to the India plant."
Persons: Jack Cheng, Ann Wang, MIH, Cheng, Foxconn, Sarah Wu, Kevin Krolicki, Jamie Freed Organizations: Reuters, Foxconn's, REUTERS, EV, PTT, NIO, HK, Foxconn, Thomson Locations: Taipei, Taiwan, TAIPEI, India, Thailand, Southeast Asia, EVs, China, Shanghai
[1/5] Members of the Philippine Coast Guard remove a fallen tree from a road following the onslaught of Typhoon Doksuri in Buguey, Cagayan province, Philippines, July 26, 2023. As of 10:15 a.m. (0215 GMT) Typhoon Doksuri, categorised at the second-strongest typhoon level by Taiwan's weather bureau, headed towards the southern Taiwan Strait with maximum winds of 191 km (118 miles) per hour. All domestic flights and ferry lines were suspended in Taiwan while more than 100 international flights were cancelled or delayed. Railway services between southern and eastern Taiwan were shut. "Typhoon Doksuri should not be underestimated," Kaohsiung city mayor Chen Chi-mai said in a Facebook post late on Wednesday.
Persons: Doksuri, Chen Chi, Han Kuang, Yimou Lee, Ann Wang, Michael Perry Organizations: Philippine Coast Guard, REUTERS, Railway, Thomson Locations: Buguey, Cagayan province, Philippines, REUTERS TAIPEI, Southern Taiwan, China, Taiwan Strait, Kaohsiung, Taiwan, Taipei Port, Taiwan's
War would also have severe consequences for China and US allies in the Western Pacific. Any war with China would be fought on multiple fronts — from the air and sea to the web and financial markets. The US maintained this capacity for decades, but America's manufacturing prowess has atrophied since the end of the Cold War. Control of the Pacific would be a crucial part of any war with China, and Beijing boasts the world's largest navy. Cash warsWhile a military conflict between the US and China is only a hypothetical, the two countries are already competing on the economic battlefield.
Persons: Joe Biden, Mark Milley, Dan Blumenthal, it's, Blumenthal, Ujian, didn't, Glenn O'Donnell, Forrester, stymie, Ann Wang, William Alan Reinsch, Reinsch, Russia —, Scott Kennedy, Kennedy, aren't, Ramping, Jake Epstein, Jacob Zinkula Organizations: US, Joint Chiefs of Staff, Armed, US Navy, American Enterprise Institute, US Department of Defense, US Marine Corps, Pentagon, Navigation Plan, Ford, Nimitz, Center for Strategic, International Studies, Beijing, Russia, Columbia University, Marine Locations: China, Western, Beijing, Pacific, Taiwan, South China, America, Nebraska, Pearl, Normandy, Mongolia, Ukraine, Russian, Nanchang, Liaoning, Shandong, Fujian, wean, Washington, United States, Japan, Philippines, Netherlands
[1/6] Black Hawk helicopters prepare to land at Taoyuan International Airport as part of the annual Han Kuang military exercise in Taoyuan, Taiwan July 26, 2023. REUTERS/Ann WangTAOYUAN, Taiwan, July 26 (Reuters) - Taiwan conducted an anti-aircraft landing drill at its main international airport for the first time on Wednesday, simulating the repulsion of an invading force as China ramps up military pressure to force the island to accept its sovereignty. The drill at the island's main Taoyuan international airport was part of Taiwan's main annual Han Kuang exercises that started on Monday, focusing on protecting its infrastructure and striking incoming enemy ships to keep key waterways open. Soldiers carrying rifles were seen running on the runway to fight off enemy forces being dropped off by the helicopters. Tsai has made modernising the military a top priority, pushing for various defence projects including developing Taiwan's own jets and submarines.
Persons: Han, Ann Wang, Han Kuang, Tsai Ing, Tsai, Fabian Hamacher, Yimou Lee, Christian Schmollinger Organizations: Taoyuan International Airport, REUTERS, Thomson Locations: Taoyuan, Taiwan, Ann, Ann Wang TAOYUAN, China, island's, Taiwan's, Taipei
Sirens sounded at 1:30 p.m. (0530 GMT) for the mandatory street evacuation drills, which effectively shut towns and cities including its capital Taipei for 30 minutes. An "air raid alert", asking people to evacuate to safety immediately, was sent via text message. Tourists with luggage were seen taking shelter in a subway station, some shocked and not sure what had happened. Other parts of Taiwan, where periodic air-raid drills are required by law, will carry out street evacuation drills this week. Reporting By Angie Teo, Fabian Hamacher and Ann Wang; Writing by Yimou Lee; Editing by Lincoln Feast.
Persons: Ann Wang, Tsai Ing, Wan, Lee Jang Ho, William Lai, Angie Teo, Fabian Hamacher, Yimou Lee, Lincoln Organizations: REUTERS, Facebook, Taiwan, Thomson Locations: Taipei, Taiwan, Ann Wang TAIPEI, Beijing, China, Ximending, South Korea, United States
[1/2] A Foxconn shareholder poses for photos after the annual shareholder meeting in New Taipei City, Taiwan May 31, 2023. REUTERS/Ann Wang/File PhotoJuly 14 (Reuters) - Foxconn (2317.TW) is in talks with Taiwan Semiconductor Manufacturing Co (2330.TW) and Japan's TMH Group for technology and joint venture partnerships to start semiconductor fabrication units in India, the Economic Times reported on Friday. Reporting by Chandni Shah in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.
Persons: Ann Wang, Chandni Shah, Krishna Chandra Organizations: REUTERS, Taiwan Semiconductor Manufacturing, Economic Times, Thomson Locations: New Taipei City, Taiwan, India, Bengaluru
[1/4] Taiwan's President Tsai Ing-wen makes a speech at the shipment ceremony of Triton, Taiwan's first locally built weather satellite in Hsinchu, Taiwan July 14, 2023. REUTERS/Ann WangHSINCHU, Taiwan, July 14 (Reuters) - Taiwan's first domestically developed weather satellite shows its determination to develop its space industry, President Tsai Ing-wen said on Friday, lauding the programme as a step to take the island to the stars. "The Wind-Hunter Satellite is born-and-bred made in Taiwan," she said at Taiwan Space Agency in the northern city of Hsinchu, home to Taiwan's world-beating semiconductor industry, referring to it by its Chinese-language name. "The Wind-Hunter Satellite proves that with the advantages of Taiwan's semiconductor and precision manufacturing, it is absolutely capable of entering the global space industry," Tsai said, adding that the satellite showed Taiwan's determination to develop a space industry and participate in the space age. Triton will be launched into a circular low-earth orbit at an altitude of about 550-650 km (340-400 miles), according to the Taiwan Space Agency.
Persons: Tsai Ing, Triton, Ann Wang, Tsai, Vega, Elon, Safran, Ben Blanchard, Robert Birsel Organizations: REUTERS, Taiwan Space Agency, Hunter, SpaceX, Airbus, Thomson Locations: Hsinchu, Taiwan, Ann, Ann Wang HSINCHU, China, Guiana
Foxconn (2317.TW) withdrew from the JV with the Indian metals-to-oil conglomerate on Monday, in a setback to Prime Minister Narendra Modi's chipmaking plans for India. "Foxconn is committed to India and sees the country successfully establishing a robust semiconductor manufacturing ecosystem." India expects its semiconductor market to be worth $63 billion by 2026, but Modi's plan has so far floundered. The $3 billion ISMC project is stalled because Tower is being acquired by Intel, while another $3 billion plan by IGSS was also halted because it wanted to re-submit its application, Reuters has reported. Like Foxconn, the Indian government has said the breakup of the JV had "no impact" on India's semiconductor plans, adding that both companies were "valued investors" in the country.
Persons: India Foxconn, Foxconn, Narendra Modi's chipmaking, Modi, IGSS, Ann Wang, Vedanta, Anil Agarwal, Vedanta's, Yimou Lee, Ben Blanchard, Tanvi Mehta, Aditya Kalra, Jacqueline Wong, Sonali Paul, Alexander Smith Organizations: India, JV, Vedanta, TW, Semiconductors, IGSS Ventures, ISMC, Intel, Reuters, REUTERS, Vedanta's, Vedanta Ltd, Vedanta Resources, Thomson Locations: chipmaking, India, TAIPEI, MUMBAI, Singapore, New Taipei City, Taiwan, Vedanta's India, Vedanta's London, Taipei, Mumbai, New Delhi, Pandya, Bengaluru
Taiwan celebrates linguistic diversity at annual music awards
  + stars: | 2023-07-02 | by ( ) www.reuters.com   time to read: +2 min
[1/10] Julia Peng poses for pictures at the 34th Golden Melody Awards ceremony in Taipei, Taiwan July 1, 2023. REUTERS/Ann WangTAIPEI, July 2 (Reuters) - Taiwan celebrated linguistic diversity at the Golden Melody Awards late Saturday with big wins for singers who primarily sing in Mandarin, at one of the most prestigious entertainment events in the Chinese-speaking world. Cheng, speaking in Mandarin, thanked the Taiwanese language for "teaching me how to bow my head and slow down". In the indigenous language category, the Paiwan singers Kasiwa and Matzka rapped and sang in their native tongue, with Kasiwa getting the prestigious jury award. "Here, no matter what language everyone uses - Taiwanese, Hakka, indigenous languages, Mandarin, English and Japanese, - they can all sing freely, which also brings us together."
Persons: Julia Peng, Ann Wang, Enno Cheng, Peng, Cheng, Kasiwa, Matzka, Tsai Ing, Ouyang Fei Fei, Ouyang, Ben Blanchard, William Mallard Organizations: REUTERS, Facebook, Thomson Locations: Taipei, Taiwan, Ann Wang TAIPEI, China, Japan
[1/3] A Taiwan flag can be seen at Liberty Square in Taipei, Taiwan, July 28, 2022. REUTERS/Ann Wang/File PhotoSYDNEY, June 20 (Reuters) - Australians would support responding to a Chinese attack on Taiwan with economic sanctions, arms supplies or using the navy to prevent a blockade, but don't support sending troops, an opinion poll to be released Wednesday finds. Ryan Neelam, director of public opinion at the foreign policy think tank, said the poll showed Australians are "cautious about conflict", but willing to support Taiwan without becoming a ground combatant. Eighty percent support accepting Taiwanese refugees, 76% support "imposing economic and diplomatic sanctions on China", 64% support "Australia sending arms and military supplies to the Taiwanese government", and 61% support "using the Australian Navy to help prevent China from imposing a blockade around Taiwan". Only 42% supported sending "Australian military personnel to Taiwan to help defend it from China".
Persons: Ann Wang, Anthony Albanese, Asia's, Ryan Neelam, Michael Fullilove, Kirsty Needham, Gerry Doyle Organizations: Liberty, REUTERS, Lowy Institute, U.S, Australian Navy, Thomson Locations: Taiwan, Taipei, Canberra, United States, Beijing, Australia, China, Asia, U.S, Sydney
Overseas investments by Taiwan Semiconductor Manufacturing Corp (TSMC), the world's largest contract chipmaker, need government approval, including for a potential factory in Germany. Wu said Taiwan would not block investment in Europe, but there was a "philosophical issue" that a country wanting Taiwanese help needed to consider a broader picture of relations with Taiwan. "If they can think along that positive line, the relations between Taiwan and European countries, major European countries, are going to be so much better than before," said Wu. Taiwan has no formal diplomatic ties with any European country except the Vatican and China warned Europe against official ties ahead of Wu's visit. The EU included Taiwan on its list of potential BIA partners in 2015, but it has not held talks with Taiwan on the issue since.
Persons: Ann Wang, Joseph Wu, Wu, Philip Blenkinsop, Nick Macfie Organizations: REUTERS, Taiwan Semiconductor Manufacturing Corp, NATO, EU, Thomson Locations: Tainan, Taiwan, Europe, Germany, China, Vatican, Czech Republic, Brussels, Taiwan Strait
REUTERS/Ann WangTAIPEI, June 3 (Reuters) - A Taiwan theatre is showcasing a Hong Kong play about Tiananmen Square to mark the 34th anniversary of the crackdown in Beijing, saying almost as much about shrinking freedoms in the former British colony as it does about the 1989 bloodshed. The play is about parents grieving for their son killed in Tiananmen Square. The theatre group that staged it, Stage 64, disbanded in 2021, citing pressure under the national security law. An alliance of Hong Kong activists that used to organise the annual Tiananmen vigil was disbanded after the arrest of several of its leaders in 2021. Some actors will use stage names and two Hong Kong actors will wear masks.
Persons: Hong, Ann Wang, It's, it's, Chung, Candace Chong, Chiu, Ming, Angie Teo, Jessie Pang, Fabian Hamacher, Robert Birsel Organizations: REUTERS, Amnesty, Hong, Amnesty International, Thomson Locations: Taipei, Taiwan, Ann Wang TAIPEI, Hong Kong, Beijing, Tiananmen, London , New York, Berlin, China, Amnesty International Taiwan, Britain
[1/2] A view of a Nvidia logo at their headquarters in Taipei, Taiwan May 31, 2023. Fort Lauderdale, Florida-based GQG, which manages almost $100 billion in assets, added 8.2 million shares in Nvidia in the first quarter, worth $2.3 billion then, according to a regulatory filing. Since then, Chief Investment Officer Rajiv Jain said in an interview that GQG has "meaningfully increased" its position in Nvidia. Jain also said the asset manager is considering raising its exposure to Adani by participating in capital increases the group announced in May. Reporting by Carolina Mandl, in New YorkOur Standards: The Thomson Reuters Trust Principles.
Persons: Ann Wang NEW, Nvidia Corp's, Rajiv Jain, GQG, Jain, Carolina Mandl Organizations: REUTERS, Nvidia, GQG Partners, Thomson Locations: Taipei, Taiwan, Australia, Fort Lauderdale , Florida, New York
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