The Taiwan stock market has moved higher in three straight sessions, advancing almost 100 points or 0.9 percent in that span. The Taiwan Stock Exchange now rests just beneath the 10,520-point plateau although investors figure to cash in on Thursday.
The global forecast for the Asian markets is mixed to lower ahead of Friday's U.S. jobs report, although crude oil continues to provide support. The European markets were down and the U.S. bourses were mixed and the Asian markets figure to split the difference.
The TSE finished modestly higher on Wednesday as the financial shares and technology stocks were mostly higher.
For the day, the index advanced 81.98 points or 0.79 percent to finish at the daily high of 10,519.27 after moving as low as 10,479.26 on turnover of 121.754 billion Taiwan dollars.
Among the actives, Largan Precision surged 4.82 percent, while AU Optronics tumbled 1.22 percent, Taiwan Semiconductor Manufacturing Company climbed 1.89 percent, Innolux lost 0.68 percent, Hon Hai Precision jumped 1.72 percent, Taiwan Steel fell 0.78 percent, Nan Ya Plastics shed 0.79 percent, Taiwan Cement gained 0.29 percent, Fubon Financial added 0.64 percent, Cathay Financial collected 0.31 percent and Mega Financial was unchanged.
The lead from Wall Street is inconclusive as stocks hovered near the unchanged line before ending on opposite sides of it - although the Dow managed to hit another record close.
The Dow jumped 52.32 points or 0.24 percent to 22,016.24, while the NASDAQ eased 0.29 points or 0.01 percent to 6,362.65 and the S&P added 1.22 points or 0.05 percent to 2,477.57.
Traders seemed reluctant to make significant moves ahead of Friday's monthly jobs report from the Labor Department.
Ahead of that report, payroll processor ADP reported that private sector employment increased by less than expected in July.
Crude oil futures rose Wednesday, holding near $50 a barrel after a smaller-than-expected drop in U.S. oil inventories. WTI light sweet crude oil rose 43 cents or 0.9 percent to $49.59 a barrel. Crude was up 8 percent in July, touching eight-week highs.
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