Win Streak May Continue For Taiwan Stock Market

LIKE.TG 成立于2020年,总部位于马来西亚,是首家汇集全球互联网产品,提供一站式软件产品解决方案的综合性品牌。唯一官方网站:www.like.tg
(RTTNews) - The Taiwan stock market has moved higher in four straight sessions, gathering more than 625 points or 2.8 percent along the way. The Taiwan Stock Exchange now rests just above the 23,400-point plateau and it may add to its winnings on Friday.
The global forecast is positive after the Federal Reserve cut its benchmark lending rate by 25 basis points. The European and U.S. markets were mostly higher and the Asian bourses are expected to follow that lead.
The TSE finished modestly higher again on Thursday following gains from the financial shares, technology stocks and plastics companies.
For the day, the index advanced 191.44 points or 0.82 percent to finish at 23,408.82 after trading between 23,132.94 and 23,518.63.
Among the actives, Cathay Financial perked 0.17 percent, while Mega Financial rose 0.26 percent, First Financial shed 0.37 percent, Fubon Financial collected 0.88 percent, E Sun Financial rallied 1.29 percent, Taiwan Semiconductor Manufacturing Company added 0.47 percent, United Microelectronics Corporation accelerated 2.84 percent, Hon Hai Precision jumped 1.64 percent, Largan Precision fell 0.21 percent, Catcher Technology stumbled 2.22 percent, Delta Electronics dropped 0.99 percent, Novatek Microelectronics eased 0.10 percent, Formosa Plastics soared 3.28 percent, Nan Ya Plastics spiked 2.85 percent, Asia Cement improved 0.74 percent and MediaTek and CTBC Financial were unchanged.
The lead from Wall Street is upbeat as the major averages opened mixed on Thursday and ended mostly to the upside, with the NASDAQ and S&P both hitting fresh record closing highs..
The Dow eased 0.59 points or 0.00 percent to finish at 43,729.34, while the NASDAQ surged 285.99 points or 1.51 percent to close at 19,269.46 and the S&P 500 advanced 44.06 points or 0.74 percent to end at 5,973.10.
The continued strength on Wall Street reflected ongoing optimism about the impact of former President Donald Trump's return to the White House, which is expected to be positive for corporations.
Stocks saw continued strength as the Federal Reserve announced its widely expected decision to lower interest rates by a quarter point.
Oil futures settled notably higher on Thursday as traders weighed the potential impact of Donald Trump's presidency on the geopolitical scene, against the interest rate cut announcement by the Federal Reserve. West Texas Intermediate Crude oil futures for December closed up $0.67 or 0.93 percent at $72.36 a barrel.
Closer to home, Taiwan will provide October numbers for imports, exports and trade balance later today. In September, imports were up 17.4 percent on year and exports rose an annual 4.5 percent for a trade surplus of $7.12 billion.

现在关注【LIKE.TG出海指南频道】、【LIKE.TG生态链-全球资源互联社区】,即可免费领取【WhatsApp、LINE、Telegram、Twitter、ZALO云控】等获客工具试用、【住宅IP、号段筛选】等免费资源,机会难得,快来解锁更多资源,助力您的业务飞速成长!点击【联系客服】
本文由LIKE.TG编辑部转载自互联网并编辑,如有侵权影响,请联系官方客服,将为您妥善处理。
This article is republished from public internet and edited by the LIKE.TG editorial department. If there is any infringement, please contact our official customer service for proper handling.