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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.
AMC spiked more than 100% on Wednesday, the struggling brick-and-mortar retailer Bed Bath & Beyond jumped by about 51%.
The biggest newsmaker of the stock market in the past few days has been Virgin Galactic. The stock jumped by more than 20% in premarket trading on Monday.
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!
The US dollar has surged to levels unseen since April after the Fed's decision back on Wednesday. Gold has reversed up from the local dips. Still, this week was the worst for gold in more than a year.