Taiwan equities slump at close of trade

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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