BoA has tracked signs of the upcoming stock market sell-off. While more expensive and at-risk stocks are set to fall, value stocks should survive.
Taiwan equities slump at close of trade
On Wednesday, Taiwan stocks headed south because losses in the Optoelectronic as well as Paper & Pulp sectors put pressure on stocks.
The Taiwan Weighted inched down 1.64% reaching a fresh 1-month minimum.
On the Taiwan Weighted the winners were represented by such benchmarks as GeoVision Inc, Edom Technology Co Ltd and Uniflex Technology Inc. They managed to grow 9.90%, 8.99% and 6.69% respectively.
Meanwhile, Shuttle Inc, Paragon Technologies Co Ltd and Elite Material Co Ltd became the top losers, sliding respectively 9.98%, 9.97% and 9.95%.
On the Taiwan Stock Exchange sagging stocks outnumbered surging equities by 667 to 144, while 69 were intact.
Stocks in Edom Technology Co Ltd tacked on to 52-week maximums, gaining 8.99% being worth 19.40.
The currency pair USD/TWD ascended 0.14% showing a reading of 30.029. At the same time TWD/CNY grew 0.05% reaching 0.2199.
As for the US Dollar Index Futures, it slumped 0.06% hitting 93.21.
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