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Taiwan Bourse May Challenge 12,100-Point Level

(RTTNews) - The Taiwan stock market has alternated between positive and negative finishes through the last five trading days since the end of the two-day slide in which if had fallen more than 160 points or 1.5 percent. The Taiwan Stock Exchange now rests just above the 12,090-point plateau and it's tipped to open in the green again on Monday.

The global forecast for the Asian markets suggests continued if mild upward momentum based more on inertia than anything else until next year. The European markets were slightly higher on Friday and the U.S. bourses were mixed and little changed and the Asian markets figure to split the difference.

The TSE finished modestly higher on Friday following gains from the financial shares and cement companies, while the technology stocks were mixed.

For the day, the index climbed 90.58 points or 0.75 percent to finish at 12,091.59 after trading between 12,032.72 and 12,093.02.

Among the actives, Cathay Financial rose 0.12 percent, while Mega Financial collected 0.32 percent, CTBC Financial added 0.22 percent, Fubon Financial gained 0.54 percent, First Financial perked 0.42 percent, E Sun Financial was up 0.36 percent, Taiwan Semiconductor Manufacturing Company climbed 1.50 percent, United Microelectronics Corporation advanced 0.91 percent, Hon Hai Precision added 0.77 percent, Largan Precision climbed 1.11 percent, Catcher Technology lost 0.62 percent, MediaTek sank 0.56 percent, Asia Cement jumped 0.85 percent and Taiwan Cement increased 0.46 percent.
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