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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 Reserve Bank of Australia will publish its statement and announce the interest rate on July 7, at 7:30 MT time.
The overall market sentiment was mixed after the USA recorded the largest increase in virus cases since May 9. The data even offset the better-than-expected NFP.
The risk-on tone is back on the market again. Let’s look at main trading opportunities.