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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.
The Reserve Bank of Australia will publish its statement and announce the interest rate on July 7, at 7:30 MT time.
The overall market sentiment was mixed after the USA recorded the largest increase in virus cases since May 9. The data even offset the better-than-expected NFP.
The risk-on tone is back on the market again. Let’s look at main trading opportunities.