Bank of America: time to sell stocks
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 stocks move up at close of trade
On Thursday, Taiwan stocks ascended after the close. It’s because revenues in the Electricity, Paper & Pulp as well as Transport sectors drove stocks.
The Taiwan Weighted jumped 0.64%, reaching a fresh all time peak.
Hiyes International Co Ltd, Hung Chou Fiber Ind Co Ltd and Chung Fu Tex-International Corp demonstrated the best performance on the Taiwan Weighted. They tacked on 9.98%, 9.98% and 9.94% respectively.
On the contrary, Jenn Feng New Energy Co Ltd, China Electric Manufacturing Corp and Alchip Technologies Ltd turned to be the worst performers. They lost respectively 7.63%, 5.19% and 4.92%.
On the Taiwan Stock Exchange ascending stocks outperformed losing ones by 509 to 256, while 107 ended intact.
The currency pair USD/TWD went down 0.37%, being worth 30.059. Meanwhile, TWD/CNY edged down 0.09%, trading at 0.2287.
Aside from that, the US Dollar Index Futures headed south 0.03%, getting to 96.92.
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