Taiwan Stock Market Called Lower On Wednesday

By Rtt News4 days ago

(RTTNews) - The Taiwan stock market stock has finished lower in four straight sessions, tumbling more than 660 points or 3.9 percent along the way. The Taiwan Stock Exchange now sits just above the 16,930-point plateau and it's looking at another soft start again on Wednesday.

The global forecast for the Asian markets is soft, with technology stocks and airlines expected to lead the way lower. The European markets were down and the U.S. bourses were mostly negative and the Asian markets are also tipped to open under pressure.

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The TSE finished sharply lower on Tuesday following losses from the financial shares and cement stocks, while the technology companies were mixed.

For the day, the index tumbled 288.57 points or 1.68 percent to finish at 16,933.78 after trading between 16,647.61 and 17,328.55.

Among the actives, Cathay Financial retreated 1.71 percent, while Mega Financial dropped 1.08 percent, CTBC Financial declined 1.76 percent, Fubon Financial plunged 2.03 percent, First Financial lost 0.67 percent, E Sun Financial surrendered 1.32 percent, Taiwan Semiconductor Manufacturing Company added 0.51 percent, United Microelectronics Corporation spiked 3.02 percent, Hon Hai Precision tanked 3.56 percent, Catcher Technology skidded 1.31 percent, MediaTek tumbled 1.81 percent, Formosa Plastic fell 0.47 percent, Asia Cement plunged 2.12 percent, Taiwan Cement sank 1.95 percent and Largan Precision was unchanged.

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