Taiwan Shares Tipped To Open To The Upside On Monday

RTTNews | vor 3 Tagen
Taiwan Shares Tipped To Open To The Upside On Monday

(RTTNews) - The Taiwan stock market on Friday halted the three-day winning streak in which it had jumped almost 680 points or 3.2 percent. The Taiwan Stock Exchange now sits just above the 21,660-point plateau although it's likely to find renewed support on Monday.

The global forecast for the Asian markets is positive, thanks to upbeat employment data out of the United States. The European markets were mixed and the U.S. bourses were sharply higher and the Asian bourses figure to follow the latter lead.

The TSE finished barely lower on Friday following mixed performances from the financial shares and technology stocks.

For the day, the index dipped 13.77 points or 0.06 percent to finish at 21,660.66 after trading between 21,606.70 and 21,702.46.

Among the actives, Mega Financial strengthened 1.26 percent, while CTBC Financial dipped 0.16 percent, First Financial climbed 1.10 percent, Fubon Financial collected 0.80 percent, E Sun Financial improved 1.31 percent, Taiwan Semiconductor Manufacturing Company fell 0.30 percent, United Microelectronics Corporation shed 0.66 percent, Hon Hai Precision retreated 1.61 percent, Largan Precision dipped 0.22 percent, Catcher Technology rose 0.24 percent, MediaTek spiked 2.81 percent, Delta Electronics lost 0.50 percent, Novatek Microelectronics added 0.50 percent, Formosa Plastics rallied 2.92 percent, Nan Ya Plastics jumped 1.74 percent, Asia Cement increased 1.08 percent and Cathay Financial was unchanged.

The lead from Wall Street is firm as the major averages opened higher on Friday and remained in the green throughout the trading day, ending near session highs.

The Dow surged 443.13 points or 1.05 percent to finish at 42,762.87, while the NASDAQ rallied 231.50 points or 1.20 percent to close at 19,529.95 and the S&P 500 gained 61.06 points or 1.03 percent to end at 6,000.36.

The rally on Wall Street followed the release of the closely watched Labor Department report showing slightly stronger than expected U.S. job growth in May.

The Labor Department said non-farm payroll employment shot up by 139,000 jobs in May after jumping by a downwardly revised 147,000 jobs in April. Economists had expected employment to increase by about 130,000 jobs.

The modestly bigger than expected increase in employment helped offset concerns about the strength of the economy following some recent downbeat data.

Crude oil prices move higher on Friday in response to the better-than-expected jobs data. West Texas Intermediate crude for July delivery was up $1.21 to $64.58 per barrel; it was up 6 percent for the week.

Closer to home, Taiwan will provide May data for imports, exports and trade balance later today. In April, imports surged 33.00 percent on year and exports spiked an annual 29.9 percent for a trade surplus of $7.21 billion.

read more
GameStop Shares Plunge After Plan To Raise $1.75 Bln

GameStop Shares Plunge After Plan To Raise $1.75 Bln

Shares of GameStop Corp. plunged around 11 percent in the extended trading on Wednesday and are currently trading 13 percent lower in the pre-market activity on the NYSE, after the company announced plan to raise $1.75 billion again in private offering, probably for Bitcoin purchase. GameStop's shares had declined sharply in March after the firm announced a $1.3 billion private offering.
RTTNews | vor 19 Minuten
DAX Down Sharply As Trade Concerns, Middle East Tensions Hurt Sentiment

DAX Down Sharply As Trade Concerns, Middle East Tensions Hurt Sentiment

German stocks are notably lower on Thursday, weighed down by trade tensions and escalating tensions in the Middle East. Amid a lack of specifics in the much talked about framework agreement, it is feared that the U.S.-China trade tensions may not subside any significantly for now.
RTTNews | vor 1Std 21 Minuten
UK Economy Contracts Most Since 2023

UK Economy Contracts Most Since 2023

The UK economy contracted at the fastest pace in 18 months in April as the end of stamp duty holiday, tax hike on businesses and higher US trade tariffs damped the positive momentum seen at the start of the year. Real gross domestic product declined 0.3 percent month-on-month in April, following a growth of 0.2 percent in March, the Office for National Statistics reported Thursday.
RTTNews | vor 1Std 52 Minuten
FDA Upgrades Medtronic Recall Of Newport Ventilators To Class I

FDA Upgrades Medtronic Recall Of Newport Ventilators To Class I

Medical devices maker Medtronic plc has urged customers to discontinue clinical use of the recently recalled certain Newport branded ventilators and certain related service parts after the U.S. Food and Drug Administration upgraded it to a Class I recall. According to the FDA, a Class I recall is the most serious type of recall, a situation where the use of, or exposure to, a violative product...
RTTNews | vor 3Std 10 Minuten