Taiwan Stock Market Has Positive Lead

RTTNews | 752 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
TSX Settles Roughly Flat

TSX Settles Roughly Flat

The Canadian stock market ended flat on Friday, amid uncertainty on US-Canada trade deal even as July 9 deadline set by the US President for tariff agreement is fast approaching.
RTTNews | 1h 27min ago
Swiss Market Ends Slightly Down

Swiss Market Ends Slightly Down

After languishing in negative territory till a little before the final hour of the day's trading session, the Switzerland market managed to emerge into positive zone on Friday but failed to hold firm and eventually settled with a marginal loss.
RTTNews | 8h 10min ago
TSX Up Marginally After Posting New Record High

TSX Up Marginally After Posting New Record High

The Canadian market is up marginally a little past noon on Friday with investors largely making cautious moves on weak private sector activity report, and amid uncertainty about Trump administration's tariff moves.
RTTNews | 9h 39min ago
German Factory Orders Log Bigger-Than-Expected Fall

German Factory Orders Log Bigger-Than-Expected Fall

Germany's factory orders declined more than expected in May on falling demand from both the domestic market and other euro area economies, official data revealed on Friday. Factory orders decreased 1.4 percent from a month ago, Destatis reported. Orders were expected to drop 0.2 percent after an upwardly revised 1.6 percent rise in April. Orders declined for the first time in four months.
RTTNews | 13h 7min ago
Bay Street Headed For Weak Start

Bay Street Headed For Weak Start

Canadian shares are likely to open on a negative note Friday morning, tracking weak European stocks and lower crude oil prices. Concerns about tariffs may weigh down on sentiment. Trading volumes are likely to remain thin as the U.S. market is closed for Independence Day holiday.
RTTNews | 13h 30min ago
UK Construction Sector Contraction Slowest In 6 Months

UK Construction Sector Contraction Slowest In 6 Months

UK construction activity declined at the slowest pace since the current period of contraction began in January, survey results from S&P Global showed on Friday. The headline construction Purchasing Managers' Index rose to 48.8 in June from 47.9 in May. The expected score was 48.6. Any reading below 50.0 indicates an overall reduction in construction activity.
RTTNews | 13h 38min ago