The so-called “stock market bloodbath” has continued on Friday with major indices falling down to the lows of the last October. What's going on?
Taiwan's share market inches down
On Monday, the Taiwan stock market declined in the face of negative dynamics of the country’s sectors, including the textile industry as well as the hotel business.
Taiwan Weighted headed south by 0.06% on the Taiwan Stock Exchange.
The top-notch performers amidst the components of the Taiwan Weighted Index were the equities of Loop Telecommunication International Inc that rallied by 10.00% ending up with 25.85. The stocks of Sigurd Microelectronics Corp slumped by 10.00% being worth 41.25. Moreover, Paper Airmate Cayman International Co Ltd managed to ascend by 10.00% demonstrating a result of 22.55.
On the contrary, top losers were represented by the equities of Alchip Technologies Ltd that headed south by about 8.48% concluding the trading session at 151.00. AS for the stocks of Sun Race Sturmey-Archer Inc, they ascended by 6.87%, showing 44.05. Lead Data Inc went down 6.72% trading at 7.49.
The total number of depreciated securities on the Taiwan Stock Exchange (435) surpassed the number of those, which concluded up (375). At the same time quotations of 101 stocks didn’t change.
The equities of Loop Telecommunication International Inc. managed to ascend to its maximum, adding approximately 10.00% being worth 25.85. Additionally, the equities of Sigurd Microelectronics Corp soared to their historic peak, adding 10.00% coming up with a reading of 41.25.
Meanwhile, in the commodity market July delivery WTI futures went down by 0.32% hitting $65.53 per barrel. As for August delivery gold futures, they went down by 0.07% demonstrating an outcome of $1.301.80 a troy ounce.
In addition to this, in the foreign exchange market the currency pair USD/TWD tumbled by 0.16% ending up with 29.802. The currency pair TWD/CNY managed to ascend by 0.33% hitting 0.2154.
Besides this, the futures on the USD index went down by 0.13% hitting 93.43.
Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
Will coronavirus continue keeping the markets in fear? What releases should we wait for? Find out in the news!
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