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 dive at close of trade
On Tuesday, Taiwan equities went down after the close because losses in the Other Electronic as well as Paper & Pulp sectors pressured stocks.
The Taiwan Weighted decreased 0.52% showing a fresh all time maximum.
On the Taiwan Weighted the winners were Walsin Technology Corp, AOPEN Inc, Merida Industry Co Ltd. They inched up 9.77%, 6.37% and 6.30% respectively.
On the contrary, the losers were represented by such benchmarks as Genius Electronic Optical Co Ltd, Qisda Corp and Jung Shing Wire Co Ltd. They edged down respectively 9.95%, 5.91% and 5.69%.
On the Taiwan Stock Exchange diving equities supplanted rallying ones by 519 to 245, while 108 didn’t change.
Equities in Walsin Technology Corp edged up to all time maximum, ascending 9.77% getting to 82.00.
The currency pair USD/TWD tacked on 0.14% being worth 30.147. Meanwhile, TWD/CNY inched up 0.55% trading at 0.2195.
As for the US Dollar Index Futures, it slumped 0.21% hitting 91.62.
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