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Taiwan equities rally at close of trade
On Wednesday, Taiwan equities added after the close because profits in the Semiconductor, Plastic as well as Electricity sectors underpinned stocks.
The Taiwan Weighted gained 1.03% reaching a fresh all time maximum.
On the Taiwan Weighted the best performance was demonstrated by Logah Technology Corp, Min Aik Precision Industrial Co Ltd and Well Shin Technology Co Ltd. These benchmarks managed to grow respectively 10.00%, 9.93% and 9.85%.
On the contrary, Optotech Corp, Nien Hsing Textile Co Ltd and Lien Chang Electronic Enterprise Co Ltd appeared to be the worst performers of the trading session, losing 9.50%, 8.76% and 8.59% respectively.
On the Taiwan Stock Exchange sagging equities supplanted jumping shares by 429 to 352, while 93 were intact.
Stocks in Nien Hsing Textile Co Ltd sank to 5-year maximums, diving 8.76% being worth 33.35. As for equities in Well Shin Technology Co Ltd, they rallied to 3-years peaks, growing 9.85% and hitting 60.20.
The currency pair USD/TWD slumped 0.32% reaching 30.272, TWD/CNY ascending 0.23% boasting 0.2178.
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.
As Europe moves into recession, next week may provide us with some amazing trading opportunities. Here they are!
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.