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Taiwan shares rise at close of trade
On Wednesday, Taiwan stocks rallied after the close because profits in the Other Electronic, Trading & Consumer Goods as well as Cement sectors brought stocks up.
The Taiwan Weighted edged up 1.41%.
On the Taiwan Weighted the best performance was demonstrated by such benchmarks as Kpt Industries, Advanced Optoelectronic Tech and Rexon Indu. They rallied respectively 10.00%, 9.95% and 9.95%.
As for the worst performers, they were represented by Tai-I, Ennoconn and Tatung Co Ltd. They sank respectively 9.80%, 9.71% and 6.54%.
Ascending stocks managed to outnumber diving ones on the Taiwan Stock Exchange by 494 to 293, while 89 remained intact.
Stocks in Kpt Industries gained to 52-week peaks, soaring 10.00% to 11.00. Stocks in Advanced Optoelectronic Tech climbed to 52-week peaks, adding 9.95% and getting to 30.95. Stocks in Ennoconn declined to 52-week minimums, sagging 9.71% and hitting 358.00. Besides this, stocks in Rexon Indu went up to all time peaks, acquiring 9.95% and being worth 21.00.
The currency pair USD/TWD decreased 0.30%, trading at 30.387, TWD/CNY dipped 0.04%, hitting 0.2266.
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.
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.