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's share market concludes up
On Tuesday, Taiwan's stock market concluded up. It became possible due to strengthening sectors of the pulp as well as paper industry, optoelectronics, to say nothing of machine building.
At the time of closing on the Taiwan Stock Exchange, Taiwan Weighted managed to go up by approximately 0.31%.
As for the leaders of growth among the components of the Taiwan Weighted Index, one should mention Shunsin Technology Holdings Ltd, which rallied by 10.00% being worth 165.00. Quotations Ace Pillar Co Ltd jumped by about 9.95%, concluding the trades at the level of 31.50. As for Paper Long Chen Paper Co Ltd, this index rose by 9.92% ending up with 35.45.
The leaders of the fall were shares of Century Iron and Steel Industrial Co Ltd, whose price fell by 9.95%, finishing the session at 83.30. ShiVision Biotech Inc surged by 9.95% concluding at 86.00, while Coland Holdings Ltd dived by 9,92% and concluded trading at 46.30.
On the Taiwan Stock Exchange, the overall number of sagging securities (454) exceeded the number of those that found themselves in positive territory (366). Meanwhile, the quotes of 96 shares were caught standing still.
Shunsin Technology Holdings Ltd gained to a 52-week maximum, soaring approximately 10.00% and concluding trading at 165.00.
In May, WTI crude futures added by 1.36% hitting $64.28 a barrel. As for other products, June delivery Brent futures soared by 1.33% hitting $69.56 per barrel. Besides this, June delivery gold futures headed south 0.25% coming up with $1.336.70 per troy ounce.
Meanwhile, in the foreign exchange market, the currency USD/TWD slumped up to 0.19% offering an outcome of 29,198, while the currency pair TWD/CNY dived 0.23%, hitting the level of 0.2160.
Besides this, futures on the USD index headed north by 0.04% demonstrating an outcome of 89.57.
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