Little Movement Expected For Taiwan Stock Market

RTTNews | 1061天前
Little Movement Expected For Taiwan Stock Market

(RTTNews) - The Taiwan stock market has moved higher in consecutive trading days, improving almost 490 points or 3.3 percent along the way. The Taiwan Stock Exchange now rests just beneath the 14,440-point plateau although it may spin its wheels on Friday.

The global forecast for the Asian markets is mixed to lower on continuing concerns over inflation, recession and interest rates. The European and U.S. markets were mostly lower and the Asian bourses figure to follow that lead.

The TSE finished modestly higher on Thursday as gains from the technology and plastic stocks were offset by weakness from the financials and cement companies.

For the day, the index advanced 113.84 points or 0.79 percent to finish at 14,438.52 after trading between 14,159.39 and 14,450.47.

Among the actives, Cathay Financial skidded 1.10 percent, while Mega Financial dropped 0.86 percent. CTBC Financial plummeted 5.12 percent, Fubon Financial shed 0.68 percent, First Financial fell 0.40 percent, E Sun Financial climbed 1.11 percent, Taiwan Semiconductor Manufacturing Company advanced 0.96 percent, United Microelectronics Corporation jumped 1.97 percent, Hon Hai Precision rallied 2.44 percent, Largan Precision spiked 2.42 percent, Catcher Technology soared 3.06 percent, MediaTek strengthened 1.89 percent, Formosa Plastics improved 1.52 percent, Nan Ya Plastics accelerated 1.13 percent, Asia Cement eased 0.11 percent, Taiwan Cement dipped 0.24 percent and Delta Electronics was unchanged.

The lead from Wall Street is mixed and flat as the major averages shook off a sharply lower open on Thursday, improving as the day progressed and ending little changed on opposite sides of the line.

The Dow shed 142.62 points or 0.46 percent to finish at 30,630.17, while the NASDAQ rose 3.60 points or 0.03 percent to close at 11,251.19 and the S&P 500 slid 11.40 points or 0.30 percent to end at 3,790.38.

The early weakness on Wall Street reflected disappointing earnings news from financial giants JPMorgan Chase (JPM) and Morgan Stanley (MS), which both missed expectations.

Concerns about inflation and higher interest rates also continued to weigh on the markets after the Labor Department reported that U.S. producer prices increased more than expected in June.

Another report from the Labor Department showed first-time claims for U.S. unemployment benefits unexpectedly inched higher last week.

Crude oil prices drifted lower on Thursday as concerns about the outlook for energy demand resurfaced amid fears of a possible recession due to rising interest rates. West Texas Intermediate Crude oil futures for August ended lower by $0.52 or 0.5 percent at $95.78 a barrel.

read more
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a mixed note Tuesday morning with investors looking for directional clues as they await the outcome of the U.S.-China trade negotiations.
RTTNews | 58分鐘前
FTSE 100 Advances; Persimmon, Marks & Spencer Among Top Gainers

FTSE 100 Advances; Persimmon, Marks & Spencer Among Top Gainers

Despite data showing an increase in the nation's unemployment rate, U.K. stocks are up in positive territory a little past noon on Tuesday on selective buying amid some optimism over the ongoing U.S.-China trade talks in London.
RTTNews | 1小時32分鐘前
CAC 40 Down Marginally In Cautious Trade

CAC 40 Down Marginally In Cautious Trade

French stocks are largely subdued on Tuesday as investors refrain from making significant moves while awaiting the outcome of the ongoing trade talks between U.S. and Chinese officials in London.
RTTNews | 2小時17分鐘前
Sensex, Nifty End Choppy Session Narrowly Mixed

Sensex, Nifty End Choppy Session Narrowly Mixed

Indian shares fluctuated before ending little changed on Tuesday as investors waited for more details to emerge from the second day of ongoing U.S.-China trade negotiations in London.
RTTNews | 3小時0分鐘前
Yen Recovers Amid BoJ Rate Hike Speculation

Yen Recovers Amid BoJ Rate Hike Speculation

The Japanese yen recovered from early lows against other major currencies in the European session on Tuesday, as traders speculate that the Bank of Japan (BoJ) will hike interest rates this year.
RTTNews | 3小時21分鐘前
UK Jobless Rate Rises; Wage Growth Softens

UK Jobless Rate Rises; Wage Growth Softens

The UK unemployment rate rose slightly in the three months to April period and wage growth softened as the rise in social security contribution and the minimum wage started to weigh on the labor market activity. The ILO jobless rate rose to 4.6 percent in the three months to April, as expected, from 4.5 percent in the three months to March, data from the Office for National Statistics revealed T
RTTNews | 3小時46分鐘前