Taiwan Stock Market Has Positive Lead

RTTNews | 760 days ago
Taiwan Stock Market Has Positive Lead

(RTTNews) - The Taiwan stock market has moved higher in three straight sessions, climbing more than 480 points or 2.9 percent along the way. The Taiwan Stock Exchange now sits just above the 17,210-point plateau although it's expected to open in the green again on Wednesday.

The global forecast for the Asian markets is upbeat on growing optimism over the outlook for interest rates. The European and U.S. markets were up and the Asian bourses are expected to open in similar fashion.

The TSE finished sharply higher on Tuesday following gains from the technology stocks and a mixed performance from the financials.

For the day, the index rallied 261.23 points or 1.54 percent to finish at 17,216.60 after trading between 17,129.23 and 17,254.96.

Among the actives, Cathay Financial was up 0.11 percent, while Mega Financial rose 0.27 percent, Fubon Financial dipped 0.16 percent, E Sun Financial collected 0.38 percent, Taiwan Semiconductor Manufacturing Company soared 3.31 percent, United Microelectronics Corporation climbed 1.14 percent, Hon Hai Precision jumped 1.81 percent, Largan Precision perked 0.22 percent, Catcher Technology improved 1.31 percent, MediaTek strengthened 1.56 percent, Delta Electronics rallied 2.08 percent, Novatek Microelectronics spiked 2.53 percent, Formosa Plastics fell 0.21 percent, Nan Ya Plastics shed 0.63 percent, Asia Cement sank 0.79 percent, China Steel lost 0.17 percent and CTBC Financial, First Financial and Taiwan Cement were unchanged.

The lead from Wall Street is solid as the major averages opened higher on Tuesday and remained firmly in the green throughout the session.

The Dow jumped 145.79 points or 0.43 percent to finish at 34,212.12. while the NASDAQ rallied 111.40 points or 0.83 percent to end at 13,573.32 and the S&P 500 gained 30.08 points or 0.69 percent to close at 4,369.01.

The continued strength on Wall Street came following the release of the Labor Department's highly anticipated report on consumer price inflation in the month of May, which showed prices edged slightly higher.

The data added to optimism about the Federal Reserve pausing its recent interest rate increases when the central bank announces its monetary policy decision later today.

Crude oil prices rose sharply on Tuesday after the People's Bank of China announced a surprise rate cut, and the dollar weakened after data showing a slowdown in U.S. inflation raised expectations the Fed will pause rate increases. West Texas Intermediate Crude oil futures for July ended higher by $2.30 or 3.4 percent at $69.42 a barrel.

read more
Swiss Market Ends Sharply Lower

Swiss Market Ends Sharply Lower

The Switzerland market closed weak on Friday, tracking weak global cues after U.S. President Donald Trump's latest tariff moves raised fears of a global trade war.
RTTNews | 1 day ago
European Stocks Close Weak As Trade War Fears Hurt Sentiment

European Stocks Close Weak As Trade War Fears Hurt Sentiment

European stocks closed lower on Friday as trade war fears resurfaced after U.S. President Donald Trump announced a 35% tariff on Canadian goods, effective August 1, 2025, and warned of a blanket tariff of 15-20% on most trading partners.
RTTNews | 1 day ago
Canadian Market Remains Weak On Tariff Concerns

Canadian Market Remains Weak On Tariff Concerns

After a weak start and a subsequent drop to lower levels, the Canadian market continues to languish in negative territory a little past noon on Friday. The mood is cautious amid escalating trade war fears following U.S. President Donald Trump announced a 35% tariff on all non-USMCA Canadian imports, effective August 1.
RTTNews | 1 day ago
Bay Street Likely To Open Lower

Bay Street Likely To Open Lower

Canadian shares look headed for a weak start on Friday due to trade war concerns, although fairly firm crude oil and bullion prices may help limit the market's downside. Data showing an increase in Canadian employment in the month of June and a drop in the unemployment rate may also aid sentiment a bit.
RTTNews | 1 day ago
Pound Falls As U.K. Economy Contracts For Second Straight Month

Pound Falls As U.K. Economy Contracts For Second Straight Month

The British pound weakened against other major currencies in the European session on Friday, as the UK economy shrank for the second consecutive month in May, adding challenges to Chancellor Rachel Reeves in achieving her self-imposed borrowing rules.
RTTNews | 1 day ago
Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the European session on Friday.
RTTNews | 1 day ago