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?
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.
On Wednesday, September 22, Microsoft will be holding a product launch. The event starts at 18:00 GTM + 3.
Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.
The US dollar is heading to close the seventh day in the red as it remains under selling pressure. The US data at 15:30 GMT+3 (jobless claims and Philly Fed Manufacturing Index) may support the greenback if it's strong.
Canada will publish the Retail Sales and Core Retail Sales on October 22, at 15:30 MT time (GMT+3).
The United States will release the weekly Unemployment Claims on October 21, at 15:30 MT time (GMT+3).