The US authorities filed a lawsuit against Facebook - what are the implications?
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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USD’s rally takes a pause, while riskier assets are modestly rising.
We are now past the middle of January, and this means that the largest US companies will report their earnings for the fourth quarter and many of them will provide the results of the entire 2020.
Poor US data, slow vaccine distribution, rising virus cases worsened the market sentiment and underpinned safe-haven currencies like the USD, and JPY.