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Lower Open Tipped For Taiwan Stock Market

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

The Taiwan stock market on Friday wrote a finish to the eight-day winning streak in which it had surged almost 4,600 points or 13.7 percent. The Taiwan Stock Exchange now sits just above the 36,800-point plateau and it's looking at another soft start again on Monday.

The global forecast for the Asian markets is gloomy after the Strait of Hormuz was shut down again over the weekend. The European and U.S. markets were sharply higher on Friday, but the Asian bourses are now expected to open under pressure on Monday.

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