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Taiwan equities inch up at close of trade
On Thursday, Taiwan shares grew after the close because revenues in the Electricity, Oil, Gas & Electricity as well as Transport sectors underpinned stocks.
The Taiwan Weighted tacked on 0.20%.
On the Taiwan Weighted the winners were represented by such benchmarks as Paragon Technologies Co Ltd, Jung Shing Wire Co Ltd and Tri Ocean Textile Co Ltd. They ascended respectively 10.00%, 10.00% and 9.92%.
TPK Holding Co Ltd, Optimax Technology Corp and Ene Technology Inc became the worst performers, losing respectively 4.22%, 3.93% and 3.66%.
Ascending equities managed to supplant descending on the Taiwan Stock Exchange by 434 to 312, while 127 didn’t change.
Equities in Paragon Technologies Co Ltd inched up to 52-week maximums, soaring 10.00% and getting to 35.75. Equities in Jung Shing Wire Co Ltd rallied to 5-year maximums, earning 10.00% and reaching 14.85. As for stocks in Tri Ocean Textile Co Ltd, they grew to 52-week peaks, adding 9.92% and hitting 20.50.
The currency pair USD/TWD rallied 0.21% hitting 30.113, TWD/CNY tacked on 0.05% showing 0.2158.
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.