NYSE and Nasdaq listed Taiwan ADRs are dominated by semiconductor stocks like Taiwan Semiconductor Manufacturing Company Co Ltd (NYSE: TSM) as Taiwan’s economy is very much tied to the global semiconductor/electronics supply chain – especially smartphones and tablet chip components. Aside from exposure to the US and global economy at the customer end, many Taiwanese stocks have exposure to China, Vietnam and other emerging markets where they have shifted low end manufacturing work or export component products to.
In addition, the NYSE listed Taiwan closed-end fund, the Taiwan Fund Inc (NYSE: TWN), has historically had a heavy allocation (e.g. more than a quarter of the fund) in Taiwanese semiconductor or electronics stocks. However and before investing in Taiwan, investors may also want to watch or listen to The Craziest Stockmarket Bubble You’ve Never Heard of:
The financial bubble that gripped Taiwan in the 1980s is one of the wildest the world has ever seen. Stock prices went up more than 12x in less than four years, over a third of the Taiwanese population over the age of 15 were actively playing the stock market, and on peak days trading on the Taipei Stock Exchange exceeded the turnover of both the Tokyo and New York stock exchanges, combined! This is the story behind the boom and bust of Taiwan’s seldom discussed, yet spectacular stock market bubble.
Otherwise, investors interested in investing in Taiwan should also check out our Taiwan ETF list along with our Asia Pacific ETF list, East Asia ETF lists (including China ETF list and Hong Kong ETF list), Asia Pacific closed-end fund list, East Asia closed-end fund list and China closed-end fund list pages as some region wide and/or China ETFs or closed-end funds may have exposure to Taiwan or Taiwanese stocks.
List of Taiwan ADRs Trading on Major US Stock Exchanges & the Over-the-Counter (OTC) Exchange
|1||Asia Pacific Wire & Cable Corporation Limited||APWC||NASDAQ||Electronics|
|2||ASE Technology Holding Co Ltd||ASX||NYSE||Semiconductors|
|3||AU Optronics Corp||AUO||OTCPink||Electronics|
|4||ChipMOS Technologies Inc||IMOS||NASDAQ||Semiconductors|
|5||Chunghwa Telecom Co Ltd||CHT||NYSE||Telecommunications|
|7||Himax Technologies, Inc||HIMX||NASDAQ||Semiconductors|
|9||Maxpro Capital Acquisition Corp||JMAC||NASDAQ||Shell Companies|
|10||Maxpro Capital Acquisition Corp||JMACU||NASDAQ||Shell Companies|
|11||Siliconware Precision Industries Co Ltd||SPIL||Delisted||Semiconductors|
|13||Taiwan Fund, Inc||TWN||NYSE||Closed-End Fund|
|15||Taiwan Semiconductor Manufacturing Company Co Ltd||TSM||NYSE||Semiconductors|
|16||United Microelectronics Corporation||UMC||NYSE||Semiconductors|
* EmergingMarketSkeptic.com provides useful information that should not constitute investment advice or a recommendation to invest. In addition, your use of any content is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the content. Read More
Note: If there are any exchange-traded funds (ETFs) to add or remove from this list or if there are bad links, please write a note in the comments section so it can be fixed. Likewise, adding any other comments or advice would also be appreciated.
The Taiwan Stock Exchange Corporation (TSEC)
The Taiwan Stock Exchange Corporation (TSEC) began operating as a stock exchange in early 1962 and has a handy Guide to Investing in Taiwan on its website. In addition, the GreTai Securities Market (GTSM) was launched in February 1988 for the over-the-counter trading of securities while the Taiwan Futures Exchange (TAIFEX) was established in 1997 as the sole derivatives exchange in Taiwan.
Here are some useful and mostly English news resources for investing in Taiwan ADRs or stocks or about Taiwan in general:
- China Economic News Service
- Focus Taiwan News Channel (The Central News Agency)
- Taipei Times
- Taiwan’s Business Weekly (Chinese)
- Taiwan News
- Taiwan Review
- Taiwan Sun
- Taiwan Today
For additional resources for investing in Taiwan ADRs or stocks, check out all of our Taiwan tagged articles/links.