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 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.
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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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