Taiwan Business Sentiment Rises on AI Export Boom

Business sentiment in Taiwan has improved as strong AI and semiconductor demand boosts exports, construction and manufacturing. The Taiwan Institute of Economic Research says its construction indicator rose, driven by demand for factory building and renovation in the booming tech sector. Exports grew more than 30% in July from a year earlier, while machinery and electrical goods also posted gains. But sentiment remains weak among car and motorcycle manufacturers, and the services sector declined. TIER says financial market volatility and geopolitical uncertainty remain key risks for the economy.