BoA has tracked signs of the upcoming stock market sell-off. While more expensive and at-risk stocks are set to fall, value stocks should survive.
Taiwan equities ascend at close of trade
On Tuesday, Taiwan shares rallied after the close because revenues in the Glass, Optoelectronic as well as Semiconductor sectors underpinned equities.
The Taiwan Weighted went up 0.04%.
Danen Technology Corp, Vivotek Inc and San Fu Chemical Co Ltd inched up respectively 9.97%, 9.80% and 8.19%, thus becoming the best performers of the session on the Taiwan Weighted.
As for losers, these were such benchmarks as Paragon Technologies Co Ltd, General Plastic Industrial Co Ltd and Chateau International Development Co Ltd. They went down 5.91%, 5.74% and 5.29% respectively.
Sagging shares managed to outperform advancing equities on the Taiwan Stock Exchange by 474 to 291, while 107 were intact.
Stocks in Vivotek Inc ascended to 3-years maximums, soaring 9.80% and getting to 112.00. Equities in San Fu Chemical Co Ltd tacked on to 3-years maximums, tacking up 8.19% being worth 44.90.
The currency pair USD/TWD rallied 0.14% demonstrating 30.456, TWD/CNY dived 0.14% hitting 0.2181.
On Saturday, the US Food and Drug Administration approved Johnson&Johnson’s vaccine for emergency use against Covid-19. Will JNJ rise?
The giant chip maker exceeded analysts’ expectations. Even with a global GPU shortage!
Great news for oil bulls! OPEC and its allied producers agreed to expand output cuts for the next month.
The USD skyrocketed after Fed Powell’s speech. OPEC and allied producers agreed to extend production cuts for another month. Oil surged.
The European Central Bank publishes its monetary policy statement that includes an announcement of the interest rate on March 11, at 14:45 MT time.