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 shares add at close of trade
On Friday, Taiwan stocks headed north after the close. It’s because profits in the Optoelectronic, Paper & Pulp as well as Textile sectors brought stocks up.
The Taiwan Weighted added 0.65%, hitting a fresh all time peak.
On the Taiwan Weighted the best performers included Lead Data Inc, Ichia Technologies Inc and Davicom Semiconductor Inc. They jumped 9.97%, 9.97% and 9.87% respectively.
As for the worst performance, it was demonstrated by Jenn Feng New Energy Co Ltd, Microelectronics Technology Inc and JSL Construction & Development Co Ltd. These benchmarks went down 5.78%, 5.41% and 5.38% respectively.
Ascending shares outclassed dipping ones on the Taiwan Stock Exchange by 487 to 258, while 133 were absolutely intact.
The currency pair USD/TWD edged up 0.07%, being worth 30.128, while TWD/CNY leapt 0.18%, trading at 0.2262.
As for the US Dollar Index Futures, it managed to ascend 0.02%, getting to 97.18.
On Saturday, the US Food and Drug Administration approved Johnson&Johnson’s vaccine for emergency use against Covid-19. Will JNJ rise?
The giant chip maker exceeded analysts’ expectations. Even with a global GPU shortage!
Great news for oil bulls! OPEC and its allied producers agreed to expand output cuts for the next month.
The USD skyrocketed after Fed Powell’s speech. OPEC and allied producers agreed to extend production cuts for another month. Oil surged.
The European Central Bank publishes its monetary policy statement that includes an announcement of the interest rate on March 11, at 14:45 MT time.