Stock market is bleeding: what do you need to know
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 equities decline at close of trade
On Wednesday, Taiwan equities slumped after the close because losses in the Electricity as well as Paper & Pulp sectors suppressed stocks.
The Taiwan Weighted went down 0.66%.
On the Taiwan Weighted the winners were Kinko Optical Co Ltd, San Chih Semiconductor Inc Ltd and U-Tech Media Corp. They ascended respectively 10.00%, 10.00% and 9.96%.
As for losers, one should mention such benchmarks as Loop Telecommunication International Inc, Avision Inc and Sumagh High Tech Corp. They decreased 5.52%, 5.44% and 5.30% respectively.
Declining equities supplanted leaping ones on the Taiwan Stock Exchange by 561 to 218, while 94 ended didn’t change.
Equities in Kinko Optical Co Ltd went up to 5-year maximums, earning 10.00% and getting to 57.20. Stocks in San Chih Semiconductor Inc Ltd grew to 52-week peaks, grasping 10.00% and getting to 15.95.
The currency pair USD/TWD grew 0.08% being worth 30.090, TWD/CNY rallied 0.14% trading at 0.2182.
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What is pulling the stocks down?
Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
Important events on February 17-21
Will coronavirus continue keeping the markets in fear? What releases should we wait for? Find out in the news!
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