Iām looking into a company on the Taiwan Stock Exchange but canāt find any providers in Europe offering this service except for expensive brick and mortar stockbrokers. I was hoping somebody could point me in the right direction.
Iām sorry if this is looked down upon because Iām asking about other brokers but this forum is about investing. Taiwan Stock Exchange is not on FT and anyway I donāt even have access to FT. If someone could PM that would be great.
Not aware of any online broker in the UK which have access to the Taiwan market - might be worth checking if the company is dual-listed on another exchange?
Itās dual listed in London and Frankfurt but the price is way offā¦just over double. Iām not sure if they just havenāt factored in the stock split on the European exchanges or whatās the problem.
Iāve asked a broker if this is the case and awaiting an answer. I havenāt found any info on this online. Thanks for the reply
Raises an interesting question though in terms of the plan for adding different exchanges onto the Freetrade platform. The Taipei Exchange has some really interesting biotech companies listed that I would love to be able to invest in - is there anything in the roadmap about opening up markets like this?
I wanted to buy a stock on the Malaysian stock exchange a while ago, but only a handful of boutique UK brokers were offering Malaysian stocks and their commissions were hefty (Ā£25+) so I didnāt bother.
I have found the OTC for the stock I was looking for. The LSE is the equivalent to 2 of the Taiwanese shares according to some information Iāve found online. In my previous response I said they were just over doubleā¦ that was to do with the delay on price reporting.
Just thought Iād share my experience in case anyone happens to come upon this type of situation. Look to see if the OTC on a different exchange is a multiple of the Taiwanese price in USD.
Youāll find they deal with Huawei and Xiaomi too. As well of a host of names in the US. Including Cisco who you mentioned. Foxconn is not simply an āAppleā play. I believe their Taiwanese domicile will allow them to profit where others canāt due to the trade war too. Each to their own.
You can buy Taiwan Semiconductor $TSM on Freetrade. They have a narrower focus than Foxconn but their main facilities are in Taiwan rather than Shenzhen - so should be more immune to current US tariffs. Should also benefit from 5G.