The so-called “stock market bloodbath” has continued on Friday with major indices falling down to the lows of the last October. What's going on?
Taiwan’s stock market concludes up
On Wednesday, Taiwan's stock market concluded the trading session up due to the strengthening electricity sector, manufacturing of electronic components as well as machinery.
At the time of closing on the Taiwan Stock Exchange, Taiwan Weighted tacked on by 0.11%.
Among the surge leaders of the components of the Taiwan Weighted Index one should mention shares of China Steel Structure Co Ltd that managed to grow by 10.00%, concluding at 29.15. Stocks of Sumagh High Tech Corp rallied by 9.98%, completing the trading session at 27.55. Additionally, Paper Acer Inc soared by 9.98%, ending up with 23.70.
The leaders of the dive were represented by shares of Rexon Industrial Corp Ltd, which dived by 7.85%, coming up with 41.70. Casetek Holdings Ltd tacked on 7.20%, showing 65.70, while Yusin Holding Corp headed south by 6, 81% and completed the trading session at 65.70.
On the Taiwan Stock Exchange, the overall number of depreciated equities (439) beat the number of those who closed in positive territory (350). At the same time quotations of 124 stocks didn’t change.
Yusin Holding Corp inched down to a historic minimum, losing about 6.81%, coming up with an outcome of 65.70.
June delivery WTI futures managed to grow approximately 2.17%, demonstrating an outcome of $70.56 per barrel. As for other crude products, July delivery futures ascended 2.35% being worth $76.61 per barrel. In addition to this, June delivery gold futures headed south 0.37%, coming up with a result of $1.308.80 a troy ounce.
Meanwhile, in the Forex market, the currency pair USD/TWD tacked on by about 0.37% showing 29.924, while the TWD/CNY inched down by about 0.14%, reaching the value of 0.2133.
Besides this futures on the USD index managed to tack on by up to 0.26%, ending up with 93.18.
Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
Will coronavirus continue keeping the markets in fear? What releases should we wait for? Find out in the news!
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