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Taiwan equities dive at close of trade
On Tuesday, Taiwan stocks declined after the close. It’s because dips in the Information Services along with Computers & Peripherals sectors suppressed equities.
The Taiwan Weighted went down 0.28%.
Loop Telecommunication International Inc, Jui Li Enterprise Co Ltd and Tai Precision Industrial Co Ltd rallied 10.00%, 10.00% and 9.94% respectively, thus becoming the best performers of the trading session on the Taiwan Weighted.
As for losers, these were Ocean Plastics Co Ltd, Sun Race Sturmey-Archer Inc and Winbond Electronics Corp. They tumbled respectively 9.91%, 9.87% and 5.18%.
Declining equities outclassed soaring ones on the Taiwan Stock Exchange by 462 to 293, while 120 were intact.
Equities in Loop Telecommunication International Inc rallied to 5-year maximums, adding 10.00% and hitting 22.55.
The currency pair USD/TWD slumped 0.06% being worth 30.137. TWD/CNY grew 0.09% hitting 0.2203.
The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?
On Wednesday, September 22, Microsoft will be holding a product launch. The event starts at 18:00 GTM + 3.
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.