Taiwan Stock Market May Crack 26,000-Point Barrier

RTTNews | 3 дней спустя
Taiwan Stock Market May Crack 26,000-Point Barrier

(RTTNews) - The Taiwan stock market has alternated between positive and negative finishes through the last four trading days since the end of the eight-day winning streak in which it had surged more than 1,450 points or 5.8 percent. The Taiwan Stock Exchange now sits just beneath the 25,770-point plateau and it's expected to open to the upside again on Friday.

The global forecast for the Asian markets is upbeat, with technology stocks expected to lead the way higher. The European and U.S. markets were up and the Asian bourses are expected to follow that lead.

The TSE finished sharply higher on Thursday following gains from the financial shares and technology stocks.

For the day, the index jumped 331.11 points or 1.30 percent to finish at the daily high of 25,769.36 after trading as low as 25,475.25.

Among the actives, Cathay Financial eased 0.17 percent, while Mega Financial collected 0.48 percent, First Financial gained 0.68 percent, Fubon Financial shed 0.45 percent, E Sun Financial advanced 0.60 percent, Taiwan Semiconductor Manufacturing Company spiked 1.58 percent, United Microelectronics Corporation improved 0.84 percent, Hon Hai Precision jumped 1.42 percent, Largan Precision added 0.65 percent, Catcher Technology climbed 1.08 percent, Delta Electronics surged 6.70 percent, Novatek Microelectronics rallied 3.42 percent, Formosa Plastics dipped 0.13 percent, Nan Ya Plastics tanked 2.12 percent, Asia Cement sank 0.69 percent and MediaTek and CTBC Financial were unchanged.

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

The Dow climbed 124.10 points or 0.27 percent to finish at 46,142.42, while the NASDAQ rallied 209.40 points or 0.94 percent to end at 22,470.72 and the S&P 500 gained 31.61 points or 0.48 percent to close at 6,631.96.

Technology stocks led the markets higher amid a spike by shares of Intel (INTC), with the chipmaker skyrocketing by 22.8 percent to its best closing level in over a year.

The rally by Intel came after the company announced a collaboration with Nvidia (NVDA) to jointly develop multiple generations of custom data center and PC products.

In U.S. economic news, the Labor Department said initial jobless claims pulled back by more than expected last week. Also, the Conference Board said its reading on leading U.S. economic indicators fell more than expected in August.

Crude oil fell on Thursday after the U.S. Federal Reserve hinted at a slowdown by the American economy. West Texas Intermediate crude for October delivery was down $0.46 or 0.72 percent at $63.59 per barrel.

read more
U.S. Dollar Declines Amid Rate Cut Hopes

U.S. Dollar Declines Amid Rate Cut Hopes

The U.S. dollar weakened against its major counterparts in the New York session on Monday, amid growing expectations of future rate cuts from the Federal Reserve.
RTTNews | 29 минут назад
Singapore Inflation Data Due On Tuesday

Singapore Inflation Data Due On Tuesday

Singapore will on Tuesday release August numbers for consumer prices, highlighting a modest day for Asia-Pacific economic activity. In July, overall inflation was down 0.5 percent on month and up 0.6 percent on year, while core CPI rose an annual 0.5 percent,
RTTNews | 1ч 1мин назад
Swiss Market Settles Marginally Up

Swiss Market Settles Marginally Up

The Switzerland market ended marginally up on Monday, despite struggling a bit early on in the session, and then for a few minutes in the final hour.
RTTNews | 5ч 9мин назад
European Stocks Close Mostly Lower After Cautious Session

European Stocks Close Mostly Lower After Cautious Session

European stocks closed mostly weak on Monday amid geopolitical tensions, and the Trump administration's announcement of sweeping changes to the H-1B visa regime. Profit warnings by a few major auto companies weighed as well.
RTTNews | 5ч 35мин назад
TSX Hits New High, Up Nearly 0.5%; Materials Stocks Rally Again

TSX Hits New High, Up Nearly 0.5%; Materials Stocks Rally Again

After moving to a new record high thanks to strong buying in the materials sector, the Canadian market remains fairly well placed in positive territory a little past noon on Monday. Amid geopolitical tensions and rising bets on more monetary easing by the Federal Reserve this year, gold and silver prices have risen sharply today, triggering hectic buying in the materials sector.
RTTNews | 6ч 47мин назад
Kirkland Signature Ahi Tuna Wasabi Poke Sold At Costco Recalled

Kirkland Signature Ahi Tuna Wasabi Poke Sold At Costco Recalled

Western United Fish Co., dba Annasea Foods Group, is recalling around 3,300 pounds of Kirkland Signature Ahi Tuna Wasabi Poke sold at Costco stores due to potential contamination with Listeria monocytogenes, according to the U.S. Food and Drug Administration.
RTTNews | 10ч 36мин назад
Bay Street Looks Headed For Positive Start

Bay Street Looks Headed For Positive Start

Canadian stocks look headed for a positive start Monday morning, with rising bullion prices and rate cut bets set to lift sentiment.
RTTNews | 10ч 44мин назад