Tech Shares May Continue To Weigh On Taiwan Bourse

(RTTNews) - The Taiwan stock market on Friday snapped the three-day winning streak in which it had jumped almost 410 points or 3.5 percent. The Taiwan Stock Exchange now sits just above the 12,825-point plateau and it may take further damage on Monday.

The global forecast for the Asian markets remains mired in uncertainty, balancing better than expected economic data, tumbling crude oil prices and continued uncertainty over stimulus. The European and U.S. markets were slightly higher and the Asian markets now look to open roughly flat.

The TSE finished modestly lower on Friday following losses from the financial shares and technology stocks.

For the day, the index lost 84.63 points or 0.66 percent to finish at 12,828.87 after trading between 12,791.18 and 12,912.63.

Among the actives, Cathay Financial shed 0.87 percent, while CTBC Financial eased 0.26 percent, Fubon Financial skidded 0.96 percent, First Financial surrendered 3.50 percent, E Sun Financial fell 0.37 percent, Taiwan Semiconductor Manufacturing Company shed 0.46 percent, United Microelectronics Corporation plunged 3.76 percent, Hon Hai Precision dropped 0.89 percent, Largan Precision tanked 3.00 percent, Catcher Technology soared 2.72 percent, MediaTek plummeted 3.69 percent, Formosa Plastic gained 0.63 percent, Taiwan Cement was down 0.11 percent and Mega Financial and Asia Cement were unchanged.
See also:
Leave a comment
  • Latest
  • Read
  • Commented
Calendar Content
«    Сентябрь 2020    »