Renewed Consolidation Expected For Taiwan Stock Market

RTTNews | Pred 598 dňami

(RTTNews) - The Taiwan stock market on Thursday ended the four-day losing streak in which it had stumbled more than 385 points or 2.4 percent. The Taiwan Stock Exchange now sits just above the 16,450-point plateau although it figures to head south again on Friday.

The global forecast for the Asian markets is negative on rising concerns about the outlook for interest rates and ongoing geopolitical risks. The European and U.S. markets were down and the Asian bourses are expected to follow that lead.

The TSE finished slightly higher on Thursday following a mixed performance from the technology and cement shares, while the financials were soft.

For the day, the index perked 11.82 points or 0.07 percent to finish at 16,452.73 after trading between 16,382.40 and 16,479.35.

Among the actives, Cathay Financial slumped 1.10 percent, while Mega Financial retreated 1.29 percent, CTBC Financial declined 1.19 percent, First Financial skidded 1.12 percent, Fubon Financial lost 0.65 percent, E Sun Financial weakened 1.22 percent, Taiwan Semiconductor Manufacturing Company climbed 1.11 percent, United Microelectronics Corporation jumped 1.75 percent, Hon Hai Precision tumbled 1.90 percent, Largan Precision dipped 0.24 percent, Catcher Technology rose 0.27 percent, MediaTek spiked 2.09 percent, Novatek Microelectronics added 0.57 percent, Formosa Plastics dropped 1.00 percent, Nan Ya Plastics plunged 2.83 percent, Asia Cement gained 0.26 percent, Taiwan Cement stumbled 1.69 percent, China Steel surrendered 1.41 percent and Delta Electronics was unchanged.

The lead from Wall Street remains soft as the major averages opened slightly higher on Thursday, bounced back and forth across the unchanged line throughout the session before late weakness nudged them firmly into the red.

The Dow dropped 250.91 points or 0.75 percent to finish at 33,414.17, while the NASDAQ sank 128.13 points or 0.96 percent to end at 13,186.18 and the S&P 500 lost 36.60 points or 0.85 percent to close at 4,278.00.

The volatility on Wall Street came as Federal Reserve Chair Jerome Powell delivered highly anticipated remarks at an Economic Club of New York luncheon. Powell argued that inflation is "still too high" and warned additional monetary policy tightening may be needed.

Treasury yields moved higher following Powell's remarks, extending the upward trend seen over the past few sessions and once again reaching 16-year highs.

In economic news, the Labor Department said initial jobless claims unexpectedly declined to a nearly nine-month low last week.

Crude oil futures settled higher Thursday after early losses, as Israel reportedly prepared to move into Gaza to fight against Hamas. West Texas Intermediate Crude oil futures for November added $1.05 or 1.2 percent at $89.37 a barrel.

Closer to home, Taiwan will release September data for export orders later today; in August, orders slumped 15.7 percent on year.

FDA, CDC Probe Salmonella Outbreak As Around 1.70 Mln Dozen Brown Eggs Recalled

The U.S. Food and Drug Administration and the Centers for Disease Control and Prevention or CDC are investigating a Salmonella Enteritidis outbreak linked to brown eggs that sickened nearly 79 across 7 states. Associated with the ongoing probe, August Egg Co. recalled around 1.70 million dozen brown cage-free and brown certified organic eggs sold through Walmart and other retail locations.

RTTNews | Pred 45 minútami

Bay Street May Open Slightly Higher

Canadian shares may open slightly higher on Monday amid optimism about some positive progress in U.S.-China trade talks. Energy stocks are likely to find some support on higher crude oil prices.. The U.S.-China discussions will aim to resolve some major trade disputes between the two major economies.

RTTNews | Pred 2 h 37 min

FTSE 100 Down Marginally At Noon

The U.K. market is down marginally at noon on Monday with investors mostly making cautious moves amid a lack of triggers. The focus is on trade talks between the U.S. and Chinese officials in London. Weak Chinese exports data weighs on sentiment.

RTTNews | Pred 3 h 49 min

CAC 40 Down Slightly In Lackluster Trade

French stocks are down slightly in lackluster trade on Monday with investors refraining from making significant moves as they await the high-level trade talks between U.S. and Chinese officials in London later in the day.

RTTNews | Pred 4 h 10 min

DAX Down Over 0.5% In Cautious Trade

German stocks are down in negative territory on Monday as investors make cautious moves while awaiting crucial talks between U.S. and Chinese officials in London later in the day. The discussions will aim to resolve some major trade disputes between the two major economies. Treasury Secretary Scott Bessent leads the U.S. delegation in the high-level trade talks.

RTTNews | Pred 4 h 31 min

Sensex, Nifty End Modestly Higher; Banks And Financials Surge

Indian shares eked out modest gains on Monday as top officials from the U.S. and China meet in London later in the day to resolve their differences and ease rare-earth mineral tensions.

RTTNews | Pred 4 h 40 min

Church & Dwight Recalls All Lots Of Zicam Nasal, Orajel Teething Swabs

Church & Dwight Co., Inc. has called back all lots of Zicam nasal swabs and Orajel baby teething swabs citing potential microbial contamination, according to the U.S. Food and Drug Administration. Cold remedy nasal swabs are a zinc-free, homeopathic cold remedy swab designed to shorten the duration of the common cold

RTTNews | Pred 5 h 8 min

European Shares Little Changed Before Sino-US Trade Talks

European stocks were subdued on Monday as top officials from the U.S. and China meet in London later in the day to resolve their differences and ease rare-earth mineral tensions.

RTTNews | Pred 5 h 49 min

EURUSD	1.14084	GBPUSD	1.35477	AUDUSD	0.65208
USDJPY	144.569	USDCAD	1.36766	USDCHF	0.82135

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Renewed Consolidation Expected For Taiwan Stock Market