An increase in private wealth in Taiwan, underpinned by the booming semiconductor market, has prompted private banks to scramble to meet the growing demand for first-rate onshore wealth management, spurring many to kick-start their digitalisation efforts or fall behind their peers. The TAIEX, the main index of Taiwan’s stock exchange, is up 42% YTD, outperforming the S&P 500’s 9.2% YTD…
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