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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.
AMC spiked more than 100% on Wednesday, the struggling brick-and-mortar retailer Bed Bath & Beyond jumped by about 51%.
The biggest newsmaker of the stock market in the past few days has been Virgin Galactic. The stock jumped by more than 20% in premarket trading on Monday.
The United States will release retail sales and producer inflation (PPI index) numbers at 15:30 MT time on June 15.
Gold has plunged amid the stronger US dollar as investors await the Fed’s meeting this week.
All eyes are turning to the Federal Reserve and the US dollar. How to trade XAU/USD, EUR/USD, and GBP/USD?