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Taiwan Stock Market May Continue Winning Streak

The Taiwan stock market has climbed higher in seven straight sessions now, accelerating more than 330 points or 3.2 percent in that span. The Taiwan Stock Exchange now rests just beneath the 10,870-point plateau and it's got another green light again on Thursday.

The global forecast for the Asian markets is cautiously optimistic on optimism over interest rates and a mild bump in crude oil prices. The European and U.S. markets were slightly higher and the Asian markets are tipped to follow suit.

The TSE finished slightly higher on Wednesday following mixed performances from the financial shares and the technology stocks.

For the day, the index rose 16.54 points or 0.15 percent to finish at 10,868.14 after trading between 10,815.61 and 10,875.65.

Among the actives, Cathay Financial shed 0.23 percent, while Mega Financial eased 0.18 percent, CTBC Financial skidded 0.96 percent, Fubon Financial fell 0.55 percent, First Financial collected 0.24 percent, United Microelectronics Corporation shed 0.41 percent, Hon Hai Precision added 0.61 percent, AsusTek Computer climbed 1.09 percent, Largan Precision tumbled 1.65 percent, MediaTek rose 0.17 percent, Catcher Technology soared 3.23 percent, Taiwan Cement sank 0.36 percent, Formosa Plastic perked 0.46 percent and Asia Cement, Taiwan Semiconductor Manufacturing Company and Taishin Financial were unchanged.

The lead from Wall Street suggests mild upside as stocks moved slightly higher on Wednesday amid subdued buying interest.

The Dow added 6.58 points or 0.03 percent to finish at 26,157.16, while the NASDAQ gained 54.96 points or 0.69 percent to 7,964.24 and the S&P 500 rose 10.01 points or 0.35 percent to 2,888.21.

The higher close on Wall Street came after the minutes of the Federal Reserve's latest monetary policy meeting suggested the outlook for interest rates remains fluid. However, future rate decisions would depend on ongoing assessments of the economic outlook and potential risks.

In economic news, the Labor Department said that a spike in energy prices contributed to a slightly bigger than expected increase in consumer prices in March.

Crude oil futures settled higher Wednesday as a sharp decline in U.S. gasoline stocks offset a surge in crude stockpiles last week. Crude oil futures for May ended up $0.63 or 0.98 percent at $64.61 a barrel.

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