Connect with us

Technology

Taiwan Stock Exchange launches 2024 overseas tour to attract global capital: Europe trip targets heavyweight investor institutions

Published

on

LONDON, Feb. 26, 2024 /PRNewswire/ — The Taiwanese stock market showed robust performance in 2023, marked by significant turnover volume surges and price gains. Foreign investors notably reversed three consecutive years of net selling, recording net buying of over TWD 275.4 billion (USD 8.7 billion). On a mission to expand international funding sources in 2024, the Taiwan Stock Exchange (the “TWSE”) is expected to visit more than a dozen prominent institutional investors in Europe in March to further strengthen international investor relations.

Thanks to its solid fundamentals, good corporate governance, and the investment trend in artificial intelligence (AI), the TAIEX, the market value weighted index on the TWSE, rose by 26.8% in 2023, outperforming major international stock markets in the US and Europe. Its average daily turnover increased by 16.1% to TWD 281.2 billion (USD 8.9 billion), with its total market capitalization reaching TWD 56.84 trillion (USD 1.8 trillion).

Taiwan stocks continued to shine at the start of the Year of the Dragon, propelled by the robust fundamentals. Both the TAIEX and market capitalization reached record-highs consistently since the market resumed trading on February 15, after the Lunar New Year holidays. On February 26, the TAIEX reached the highest closing level so far at 18,948.05 and the total market capitalization soared to TWD 60.21 trillion (USD 1.9 trillion).

Although 2023 was a challenging year for Initial Public Offerings (IPOs) in most international markets, the TWSE continued to enhance the domestic financing environment, expand its exposure to the capital market, and actively encourage companies to list on the board. The TWSE attracted a record-high of 42 companies to apply for listing in 2023, the highest in the past decade. These efforts resulted in IPO companies raising a record total capital of TWD 33.76 billion (USD 1.07 billion).

The Taiwan stock market surged in 2023, driven by an unprecedented level of participation by domestic investors. Additionally, international funds turned their selling from 2019 to 2022 to a net buying of TWD 275.4 billion (USD 8.7 billion) last year. Market sentiments were bullish as the US Federal Reserve (the “Fed”) was expected to end its rate hike cycle, and the TWSE also demonstrated its appeal to international investors through various overseas roadshows, including visits to the US, Japan, and Singapore. From the start of 2024 through February 26, foreign investors continued their net buying at TWD 123.58 billion (USD 3.9 billion).

Foreign capital plays a decisive role in Taiwan stocks. According to the TWSE, as at the end of 2023, foreign capital from the UK and Europe accounted for more than 37% of the market value of Taiwan stocks, becoming a main source of international funds.

To underscore its commitment to deepening cooperation with European market participants and forging deeper relationships with investors, Chen-Shan Chang, Director-General of the Securities and Futures Bureau of the Financial Supervisory Commission, Taiwan’s capital markets regulatory body, and Sherman Lin, Chairman and CEO of the TWSE, will lead a delegation to Europe in early March. The team will visit key stakeholders, including more than a dozen prominent institutions such as stock exchanges, clearing houses, custodian banks, index companies, institutional investors with substantial holdings in Taiwan stocks, potential large investment institutions, major asset management companies, and financial service institutions.

The TWSE will arrange one-on-one meetings with institutional investors and financial market infrastructures in London, Luxembourg and Frankfurt, in order to provide updates on key information regarding the Taiwan securities market, highlighting the advantages and development prospects within the Taiwan stock market. The officials will address all questions and concerns to boost investor confidence and seek advice from the investors. Additionally, they will exchange ideas and explore potential cooperation opportunities with prominent European institutions.

“The TWSE will embark on a visit to London, marking the first such visit in seven years,” said Sherman Lin. “During the trip, the TWSE will also conduct in-person exchange activities with major European exchanges, such as London and Frankfurt, for the first time. The highly anticipated trip is of great significance to both sides and is expected to yield exciting outcomes.”

The TWSE also plans to hold an investment seminar in London, offering investors an efficient way to understand Taiwan’s capital market. This seminar will provide international investors with a valuable opportunity to delve into Taiwan’s booming financial ecosystem, exploring dynamic developments, innovative sectors and promising investment opportunities.

Overall, the TWSE’s visit aims to forge connections with prominent institutional investors and major European exchanges, showcasing the enormous opportunities of Taiwan’s capital market. It underscores Taiwan’s ongoing commitments to actively deepen international investor relations and promote securities investment measures for enhanced international cooperation.

About TWSE

The Taiwan Stock Exchange (the “TWSE”) started operations on February 9, 1962. The TWSE is responsible for operating and advancing Taiwan securities market. The TWSE’s primary business operations include listing, trading, settlement and surveillance. These comprise listing promotion and review, post-listing supervision and corporate governance, maintaining market trading and order, securities firms’ services, investor protection, clearing and settlement operations, safeguarding against market defaults and the monitoring of illegal transactions. The Exchange provides comprehensive services to the stock market.

View original content:https://www.prnewswire.co.uk/news-releases/taiwan-stock-exchange-launches-2024-overseas-tour-to-attract-global-capital-europe-trip-targets-heavyweight-investor-institutions-302070980.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

IronNet Inc. and Asterion Partner to Strengthen Cybersecurity and Counter-UAS Defense Solutions

Published

on

By

WASHINGTON and MANAMA, Bahrain, Nov. 13, 2024 /PRNewswire/ — IronNet, the AI-based collective defense cybersecurity company, and Asterion, a leader in counter-UAS technology, announced today at the Bahrain International Airshow a partnership on the protection of critical infrastructure through the integration of AI-based cybersecurity and counter-UAS solutions.

This collaboration addresses the growing need for comprehensive and integrated defense strategies, representing a significant milestone in the evolution of air and space security. To enhance defense capabilities against unauthorized and hostile drones, the partnership integrates IronNet’s IronDome solution with Asterion’s advanced counter-UAS technology, delivering a layered defense framework that strengthens the protection of critical infrastructure, urban environments, and national borders.

The partnership integrates IronNet’s “IronDome” real-time cyber threat detection and coordinated response with Asterion’s drone detection and tracking systems, protecting airspace and critical assets from potential threats.

The methodology employs artificial intelligence, machine learning, and advanced sensor networks to analyze patterns and anomalies across a broad range of data sources. The result is a more robust and proactive defense system capable of identifying and mitigating threats before they can cause significant damage.

“Our partnership with Asterion represents a paradigm shift in how we approach critical infrastructure protection,” said Linda Zecher, CEO of IronNet. “By embracing the convergence of cyber and aerial threat detection and defense, governments and organizations can ensure a more comprehensive and effective approach to safeguarding critical infrastructure and national interests.”

“Together we’re creating a solution that addresses the multi-dimensional threats facing our clients today, including those originating from both ground, air and space-based sources,” said Andreas Mustert, Asterion Founder and CTO

About IronNet 

Founded in 2014, IronNet combines cutting-edge cybersecurity technology with exceptional expertise to deliver advanced, real-time defense solutions for organizations across the private and public sectors worldwide. Leveraging a team of top-tier cybersecurity specialists from industry, government, and academia, IronNet is dedicated to protecting enterprises, critical infrastructure, and nations against highly organized and increasingly sophisticated cyber threats. With its industry-leading products and innovative approach, IronNet empowers clients to stay ahead of evolving cyber adversaries.

About Asterion 

A team of sensor, wireless IP and aircraft design specialists, all with outstanding track-records in their fields, have gathered in Asterion to follow a vision of creating a system of a fully networked early risk detection and game changing, collateral damage avoiding, protection of both local high-risk assets as well as long range border crossing threats, through groundbreaking efficiency and EW protected wireless communications. Rather than considering current risks, contemplating any conceivable future countermeasures is an important part of Asterion’s mission.

View original content to download multimedia:https://www.prnewswire.com/news-releases/ironnet-inc-and-asterion-partner-to-strengthen-cybersecurity-and-counter-uas-defense-solutions-302303073.html

SOURCE IronNet

Continue Reading

Technology

Laconic and the Plurinational State of Bolivia announce landmark 5 Billion USD Sovereign Carbon Transaction

Published

on

By

CHICAGO and LA PAZ, Bolivia, Nov. 13, 2024 /PRNewswire/ — Laconic Infrastructure Partners Inc. (Laconic), announced today that it has been mandated by the Plurinational State of Bolivia to utilize its SADAR™ Natural Capital Monetization (NCM) platform to provide technology transfer in support of Bolivia’s capacity building initiatives as it seeks to finance the enhanced ambition set forth in its Nationally Determined Contribution (NDC).

By using Laconic’s first-of-its-kind carbon securitization platform, multiple large-scale environmental data streams will be aggregated to monetize up to 5BN USD of Bolivia’s present & future carbon stocks in the world’s first Article 6 compliant benchmark Sovereign Carbon sale.

“The Plurinational State of Bolivia is committed to completely ending deforestation within our territorial borders by 2030”, said Marcelo Montenegro Gomez Garcia, Minister of Economy & Public Finance. “By working with Laconic, we have been able, for the first time, to generate sufficient development financing to enable our country to make this commitment a reality and enhancing our ambition under the Paris Agreement. This benefits not only our own citizens, but all of mankind, as we collectively strive to meet NetZero 2050.”

By creating its unique Sovereign Carbon product, Laconic has revolutionized financial intermediation in the global carbon market by allowing carbon to be traded as a true financial asset for the first time. This capability allows governments to efficiently monetize their natural capital assets by issuing bona fide securities to institutional buyers at scale globally.

The Sovereign Carbon market is the only mechanism capable of generating the 1 Trillion USD of carbon trading required annually for mankind to achieve its collective NetZero pledge.

Laconic’s unique technology platform, SADAR™, works continuously to manage the data streams which the Sovereign Carbon product requires – ensuring compliance with the not only the Paris Agreement itself, but all applicable local and regional regulatory authorities governing the carbon market. Governments rely on Laconic to ensure seamless compliance with their treaty commitments, allowing them to focus on further enhancing their NDC ambitions and accelerating the pace of global decarbonization.

“Laconic is honored to be working with the Plurinational State of Bolivia to champion the innovative Sovereign Carbon market”, said Andrew Gilmour, CEO of Laconic. “This transaction demonstrates the power of technology to drive change in emerging markets finance, as, for the first time, we are able to collectively harness market forces to generate more economic growth from the preservation of natural capital assets than from the exploitation of them. Put simply – our technology has made it possible to make more money preserving your forests than you can by cutting them down.”

About Laconic
Laconic delivers accurate environmental intelligence, data management tools, and geospatially-fused insights that enable governments, corporations, and financial institutions to engage fairly in data interchange activities that facilitate open and compliant capital markets activity in carbon-linked instruments.

Founded in 2021, the company is a Public Benefit Corporation (PBC) headquartered in Chicago, with offices in Toronto, London, and Singapore.

For more information, please visit www.laconicglobal.com.

Laconic and SADAR (Sentient All-Domain Augmented Response), LUEI, and LUCID are trademarks or registered trademarks of Laconic Infrastructure Partners Inc. in the U.S. and other countries. All other names are trademarks or registered trademarks of their respective companies.

Media contacts:
Laconic
Brant Pinvidic
brant.pinvidic@laconicglobal.com

Elke Heiss
Elke.heiss@laconicglobal.com

Logo – https://mma.prnewswire.com/media/2371293/Laconic_NCM_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/laconic-and-the-plurinational-state-of-bolivia-announce-landmark-5-billion-usd-sovereign-carbon-transaction-302303623.html

Continue Reading

Technology

Kyndryl Unveils Dedicated AI Private Cloud in Japan to Accelerate Customer Deployment of AI Services

Published

on

By

Kyndryl AI private cloud supports customer testing and adoption using the Dell AI Factory with NVIDIA

Private AI cloud is also available to Japanese academic institutions for AI research and innovation

TOKYO, Nov. 13, 2024 /PRNewswire/ — Kyndryl (NYSE: KD), the world’s largest IT infrastructure services provider, today launched a dedicated AI private cloud designed to enable AI innovation in Japan. Supported by a collaboration with Dell Technologies using the Dell AI Factory with NVIDIA, Kyndryl is establishing a controlled, security-rich and sovereign cloud where organizations can develop, test and implement AI services that expand their ability to compete and accelerate business performance.

Kyndryl’s new AI private cloud in Japan will help financial institutions, insurance providers, manufacturers, retail companies, and academics to confidently design and prepare to deploy innovative AI-powered solutions.

Under the collaboration, Kyndryl is establishing a Kyndryl Vital AI Lab capability that will leverage the AI-powered open integration digital business platform, Kyndryl Bridge, to support end-to-end AI applications and solution development on the NVIDIA AI Enterprise software platform. Kyndryl experts will assist with envisioning and co-creating solutions that harness the benefits of generative AI and large language models to drive innovation and achieve business objectives. Kyndryl also will apply the domain and industry expertise of Kyndryl Consult to advance customers’ ability to create, verify and deliver AI at scale.

“Organizations want to explore and understand how AI and generative AI can enhance and accelerate their business and technology transformation initiatives. They need a reliable and scalable environment with advanced security capabilities where they can develop, test and refine new solutions,” said Jonathan Ingram, President, Kyndryl Japan. “Our new AI private cloud with the Dell AI Factory with NVIDIA will provide a stable and trusted space where customers and Japanese academic institutions can confidently and privately design new applications and solutions, with support for their security, sovereignty, and data residency requirements.”

Customers using the AI private cloud environment also can access Kyndryl’s decades of experience supporting and managing mission critical applications and systems. The collaboration also will leverage Kyndryl’s ongoing work with NVIDIA that is focused on driving the development, implementation and use of solutions that deliver AI-powered insights and business outcomes.

“The Dell AI Factory with NVIDIA integrates Dell’s leading AI portfolio with the NVIDIA AI Enterprise software platform, providing Kyndryl customers the option to procure an end-to-end, pre-validated, full stack infrastructure,” said Kyle Dufresne, SVP, AI solutions sales, Dell Technologies. “With this collaboration, Kyndryl customers can get started on a wide range of AI and generative AI use cases that require security and performance, including retrieval-augmented generation (RAG), model training, and inferencing.”

“Enterprises need next-gen expertise and skills to drive innovation within their businesses and tackle today’s AI challenges,” said Bob Pette, Vice President of Enterprise Platforms, NVIDIA. “The combination of Dell AI Factory with NVIDIA and Kyndryl’s infrastructure services experience will provide the technical foundation and know-how that organizations require to develop and deploy AI at scale.”

Kyndryl will support a variety of customer use cases via its AI private cloud and plans to explore ways the environment can be optimized to enable efficient workload orchestration and workload placement, along with examining how it can enable fractional GPU capabilities to support more granular control over computing resources. 

To accelerate customer adoption and implementation of generative AI solutions Kyndryl also plans to leverage NVIDIA NeMo, NVIDIA NeMo Retriever and NVIDIA NIM microservices, all part of the NVIDIA AI Enterprise platform for the development and deployment of production-grade generative AI applications. This will advance customers’ ability to transform the build, operation and scale-out of an AI factory, leveraging AI integrations across the NVIDIA stack for smooth performance of the AI private cloud.

Through Kyndryl’s new dedicated private AI cloud service, customers can tap into a wealth of expertise crucial to their adoption of AI at scale, with support for their data security, sovereignty, and residency requirements.

Learn more about Kyndryl’s collaborations with Dell and NVIDIA.

About Kyndryl
Kyndryl (NYSE: KD) is the world’s largest IT infrastructure services provider, serving thousands of enterprise customers in more than 60 countries. The company designs, builds, manages and modernizes the complex, mission-critical information systems that the world depends on every day. For more information, visit www.kyndryl.com.

Forward-looking statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements often contain words such as “will,” “anticipate,” “predict,” “project,” “plan,” “forecast,” “estimate,” “expect,” “intend,” “target,” “may,” “should,” “would,” “could,” “outlook” and other similar words or expressions or the negative thereof or other variations thereon. All statements, other than statements of historical fact, including without limitation statements representing management’s beliefs about future events, transactions, strategies, operations and financial results, may be forward-looking statements. These statements do not guarantee future performance and speak only as of the date of this press release and the Company does not undertake to update its forward-looking statements. Actual outcomes or results may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties including those described in the “Risk Factors” section of the Company’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission.

Kyndryl Press Contact
press@kyndryl.com 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/kyndryl-unveils-dedicated-ai-private-cloud-in-japan-to-accelerate-customer-deployment-of-ai-services-302303585.html

SOURCE Kyndryl

Continue Reading

Trending