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Asian Market Updates

Additional Support Anticipated For Taiwan Stock Market

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

The Taiwan stock market has tracked higher in three straight sessions, advancing more than 810 points or 2.6 percent along the way. The Taiwan Stock Exchange now sits just above the 32,060-point plateau and it may extend those gains on Tuesday.

The global forecast for the Asian markets suggests mild upside ahead of the U.S. rate decision later this week. The European markets were mixed and little changed and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.

The TSE finished modestly higher again on Monday following gains from the plastics and cement sectors, while the financials and technology stocks were mixed.

For the day, the index gained 103.01 points or 0.32 percent to finish at 32,064.52 after trading between 31,989.86 and 32,196.75.

Among the actives, Cathay Financial collected 0.65 percent, while Mega Financial fell 0.38 percent, CTBC Financial advanced 0.99 percent, Fubon Financial slipped 0.32 percent, E Sun Financial climbed 1.20 percent, Taiwan Semiconductor Manufacturing Company dropped 0.85 percent, United Microelectronics Corporation surged 6.94 percent, Hon Hai Precision vaulted 1.13 percent, Largan Precision shed 0.41 percent, Catcher Technology jumped 1.73 percent, MediaTek skyrocketed 8.59 percent, Delta Electronics stumbled 2.38 percent, Novatek Microelectronics improved 0.76 percent, Formosa Plastics soared 9.91 percent, Nan Ya Plastics accelerated 5.97 percent and Asia Cement rallied 2.27 percent.

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