Nike has dropped to lows unseen since November of 2020 as it faces a boycott in China over Xinjiang's cotton issues.
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.
Chinese stocks were pressed by the US plans to kick them off US stock exchanges. Alibaba has already plunged by 4% in pre-market hours.
Bitcoin skyrocketed 5% after Tesla’s founder Elon Musk officially announced it will accept the cryptocurrencies as payment.
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