The Taiwan stock market on Tuesday wrote a finish to the modest two-day winning streak in which it had collected almost 85 points or 1.1 percent. The Taiwan Stock Exchange finished just above the 7,920-point plateau, and now investors are expecting to see the market extend its losses when it opens on Wednesday.
The global forecast for the Asian markets suggests mild consolidation on profit taking after solid gains earlier in the week. The Asian markets climbed on Tuesday on news that Euro-zone finance ministers approved a second rescue package for Greece. The European markets finished lower and the U.S. markets were mixed on Tuesday, and the Asian markets are also expected to track to the downside.
The TSE finished modestly lower on Tuesday, nudged into the red by losses from the financial shares and technology stocks. For the day, the index shed 33.32 points or 0.42 percent to finish at 7,921.50 after trading between 7,870.26 and 7,973.47. Among the actives, Fubon Financial Holding shed 0.73 percent, while Ta Chong surged 5.83 percent, Hon Hai dropped 2.91 percent, HTC Corp jumped 1.72 percent, AU Optronics plunged 4.5 percent and Chimei Innolux plummeted 4.7 percent.
Wall Street offers little insight as stocks finished Tuesday's trading with a mixed performance. With U.S. markets closed on Monday for the President's Day holiday, Wall Street caught up on all the news that broke over the weekend, with the good news offsetting the bad.
Euro-zone finance ministers early Tuesday gave a green light to a second rescue package for Greece, unlocking 130 billion euros in bailout money for the cash-strapped nation. The new bailout would leave Greece with sufficient funds to repay a 14.5 billion euros bond due on March 20.
Ensuring debt sustainability and restoring competitiveness are the main goals of the new program, the Eurogroup said in a statement. The deal follows weeks of sometimes tense negotiations and a number of austerity measures in Greece.
In corporate news, Wal-Mart (WMT) saw earnings for its latest quarter slide more than 4 percent on year. Sales at the world's largest retailer rose about 6 percent to $122.3 billion. Also, Earnings at Home Depot (HD) rose 32 percent in the fourth quarter, thanks to cost controls and a 6 percent rise in sales. Finally, Macy's (M) saw quarterly profit jump 12 percent on year, while rival department store chain Saks (SKS) also announced increased sales and earnings.
The major U.S. averages ended mixed on Tuesday as the Dow added 15.82 points or 0.12 percent to finish at 12,965.69, while the tech-heavy NASDAQ fell 3.21 points or 0.11 percent to finish at 2,948.57 and the S&P 500 ticked up 0.98 points or 0.07 percent to close at 1,362.21.
In economic news, Taiwan is on Wednesday scheduled to release final Q4 numbers for gross domestic product. GDP is expected to remain unchanged from last month's preliminary reading for a 1.9 percent increase on year. Taiwan also will provide January's seasonally adjusted unemployment rate with analysts expecting the rate to come in at 4.2 percent, down marginally from 4.22 percent in December.
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Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.