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Taiwan equities grow at close of trade
On Friday, Taiwan shares ascended after the close because profits in the Textile, Other Electronic as well as Transport sectors underpinned stocks.
The Taiwan Weighted tacked on 0.14%.
On the Taiwan Weighted the best performers were ChipMOS Technologies, Zig Sheng Industrial Co Ltd and LogahTechnology Corp. They went up respectively 9.97%, 9.78% and 9.76%.
Meanwhile, the worst performance was demonstrated by such benchmarks as Optotech Corp, Global PMX Co Ltd and Elite Material Co Ltd. They dipped 9.98%, 7.16% and 4.95% respectively.
Declining equities outperformed jumping ones on the Taiwan Stock Exchange by 411 to 330, while 130 stood still.
Equities in Optotech Corp edged down to 5-year maximums, descending 9.98% and getting to 22.10. Stocks in Zig Sheng Industrial Co Ltd rallied to 52-week maximums, soaring 9.78% and showing 12.35.
The currency pair USD/TWD gained 0.15% trading at 30.392, TWD/CNY inched down 0.18% reaching 0.2183.
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The market is resilient ahead of the speeches of Fed’s Powell and ECB President Lagarde, but there are still interesting movements.
Uncertainty underpinned USD
The uncertainty over US fiscal stimulus and Brexit, and also rising new virus cases deteriorated the market mood. That’s why we can expect the further rally of the US dollar and the fall of riskier assets today.
US dollar turned up after closing in red yesterday
The market sentiment is mixed, but there are still interesting movements on the market.
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