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 inch up at close of trade
On Tuesday, Taiwan stocks climbed up after the close because revenues in the Other Electronic, Cement as well as Cement & Glass sectors brought stocks up.
The Taiwan Weighted jumped 0.72%, demonstrating a fresh all time peak.
The winners of the session on the Taiwan Weighted were represented by such benchmarks as Inventec Besta Co Ltd, Associated Industries China Inc and JSL Construction & Development Co Ltd. They managed to gain respectively 10.00%, 9.97% and 9.85%.
As for losers, these were Cheer Time Enterprise Co Ltd, Crowell Development Corp and First Copper Technology Co Ltd. They lost 4.94%, 4.51% and 3.77% respectively.
Decreasing shares outclassed growing ones on the Taiwan Stock Exchange by 423 to 308, while were intact.
The currency pair USD/TWD went down 0.01%, trading at 30.354, while TWD/CNY tacked on 0.27%, being worth 0.2242.
As for the US Dollar Index Futures, it lost 0.07%, trading at 97.16.
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