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 rally at close of trade
On Tuesday, Taiwan stocks went up after the close because revenues in the Optoelectronic, Iron & Steel as well as Machinery sectors brought stocks up.
The Taiwan Weighted grew 1.27%.
The best performers of the trading session on the Taiwan Weighted included Genius, Tung Kai Tech and King Core. They rallied respectively 10.00%, 10.00% and 9.89%.
As for the worst performers, they were Tri Ocean Text, In-Win Dev and Young Optics. They dropped respectively 7.64%, 5.41% and 5.33%.
Stocks in Genius grew to 3-years peaks, soaring 10.00%, hitting 335.50. As for stocks in Tung Kai Tech, they inched up to 3-years peaks, soaring 10.00%, reaching 36.85. Additionally, stocks in King Core grew to 52-week peaks, going up 9.89%, trading at 20.55.
On the Taiwan Stock Exchange leaping shares outnumbered diving ones by 606 to 187, while 83 remained intact.
The currency pair USD/TWD descended 0.53%, hitting 30.107, while TWD/CNY stood still keeping to 0.2283.
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