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Taiwan Bourse May Extend Winning Streak

The Taiwan stock market has climbed higher in back-to-back trading days, advancing more than 100 points or 1 percent along the way. The Taiwan Stock Exchange now rests just above the 10,340-point plateau and it's tipped to open in the green again on Wednesday.

The global forecast for the Asian markets is cautiously optimistic on an upbeat outlook for interest rates and mild upside in crude oil prices. The European and U.S. markets were mixed and the Asian markets are tipped to inch higher.

The TSE finished modestly higher on Tuesday following gains from the financial shares, technology stocks and cement companies.

For the day, the index climbed 93.05 points or 0.91 percent to finish at 10,343.33 after trading between 10,294.37 and 10,382.12.

Among the actives, Cathay Financial climbed 1.35 percent, while Fubon Financial advanced 1.12 percent, CTBC Financial collected 0.73 percent, Mega Financial added 0.18 percent, First Financial gathered 0.96 percent, Formosa Plastic jumped 1.46 percent, Taiwan Semiconductor Manufacturing Company spiked 2.17 percent, United Microelectronics Corporation accelerated 1.75 percent, Hon Hai Precision perked 1.14 percent, Largan Precision surged 2.90 percent, AsusTek Computer soared 2.31 percent, Catcher Technology gained 1.38 percent, Asia Cement was up 1.05 percent and Taiwan Cement gathered 1.45 percent.

The lead from Wall Street is inconsistent as the major averages moved in opposite directions on Tuesday.

The Dow shed 96.22 points or 0.38 percent to finish at 25,554.66, while the NASDAQ rose 32.97 points or 0.44 percent to 7,591.03 and the S&P added 8.22 points or 0.30 percent to 2,791.52.

The loss posted by the Dow was largely due to a continued decline by Boeing (BA) after the European Union, China, the U.K. and other countries grounded the company's 737 MAX jets following the second crash in less than six months.

Meanwhile, the broader markets benefited from the release of tame inflation data, which suggests the Federal Reserve will continue to refrain from raising interest rates in the near future.

Crude oil futures ended slightly higher on Tuesday, with traders looking ahead to the weekly inventory data. West Texas Intermediate Crude oil futures for April added $0.08 or 0.1 percent at $56.87 a barrel.

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