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Taiwan stocks inch up at close of trade
On Monday, Taiwan stocks soared after the close, as revenues in the Glass, Paper & Pulp, as well as Information Services sectors, brought stocks up.
The Taiwan Weighted tacked on 0.72% to achieve a fresh 52-week peak.
On the Taiwan Weighted the best performance was shown by Chipmos, Bright Led and Inventec Besta. They grew 9.96%, 9.93%, and 9.83% respectively.
Formosa Hotel, Infodisc Tech and Billion turned to be the worse performers of the trading session. They slid 6.10%, 4.99%, and 4.44% respectively.
Jumping shares outclassed declining ones on the Taiwan Stock Exchange by 576 to 210, while 95 didn’t change.
Stock in Formosa Hotel dived to 3-years minimums, declining 6.10% to 154.00. Stocks in Bright Led soared to 52-week peaks, growing 9.93% to 16.60. Additionally, stocks in Inventec Besta leaped to 52-week peaks, soaring 9.83% to 12.85.
The currency pair USD/TWD declined 0.29%, being worth 30.603, while TWD/CNY inched up 0.22%, hitting 0.2269.
The main bank of Russian will likely turn hawkish today. Time to sell USD/RUB?
Great Britain will publish its trade balance for April on June 11, at 09:00 MT time.
Wednesday will please traders as many economic indicators will be out! The USA, UK, and Euro Area will release PMI reports on June 23 from 10:15 to 16:45 MT.
The Bank of England will release its statement and announce its monetary policy decision at 14:00 MT.
Last week the USD soared versus other major currencies, while gold headed for the biggest weekly loss in 15 months. Let’s see what new moves await us this week!