Bank of America: time to sell stocks
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 Wednesday, Taiwan shares rallied after the close because revenues in the Electricity, Chemicals as well as Other Electronic sectors underpinned stocks.
The Taiwan Weighted rallied 0.06%.
On the Taiwan Weighted the best performance was demonstrated by such benchmarks as ASRock Inc, Altek Corp and Pan Jit International Inc. They jumped respectively 9.99%, 9.98% and 9.98%.
As for the top losers, there were Yoko International Corp, Shin Shin Co Ltd and Shunsin Technology Holdings Ltd. They slumped 7.13%, 3.91% and 3.85% respectively.
On the Taiwan Stock Exchange sagging equities outnumbered growing ones by 401 to 362, while 114 were intact.
Stocks in Pan Jit International Inc edged up to 5-year maximums, adding 9.98% and reaching 33.05.
The currency pair USD/TWD headed south 0.10% showing an outcome of 29.963. At the same time TWD/CNY tacked on 0.05% trading at 0.2198.
Additionally, the US Dollar Index Futures decreased 0.13% reaching 93.08.
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