On Wednesday, September 22, Microsoft will be holding a product launch. The event starts at 18:00 GTM + 3.
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.
Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.
Richard Branson offloaded nearly 10 million shares, which equals about 4% of the Virgin Galactic stock, leaving him with an 18% stake.
Commodities (iron ore, oil) and commodity-linked currencies (AUD, CAD) surged. West Texas Intermediate has reached $75 a barrel, while Brent rose to the highest mark since October 2018.
Although Jerome Powell’s speech sounded hawkish on Wednesday, September 22, markets did not get scared and the main stock indices got bought back…
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