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Taiwan’s Bureau Labor Funds earns USD14.8bn in H1 2023


Taiwan’s Bureau of Labor Funds, managed by the Ministry of Labor, reported gains of TWD470bn (USD14.86bn) in H1 2023, buoyed by the country’s surging stock market. This 8.59% return rate recouped losses from last year when the TAIEX index dropped by 22.4%. The recent growth in the stock market saw TAIEX surge by 19.35%, with shares of Taiwan Semiconductor Manufacturing Co (TSMC) rising by 26%. The new Labor Pension Fund, holding the largest assets among labor funds, stood at TWD3.79tr at June’s end with an 8.38% return rate. In total, the funds had assets of TWD5.86tr by the end of June, with June witnessing the third-largest monthly gain ever. Deputy Director-General Liu Li-ju highlighted the strong performance of electronics stocks, particularly TSMC.

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