Tech Shares May Lift 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 lower in back-to-back sessions, stumbling almost 425 points or 2 percent along the way. The Taiwan Stock Exchange now rests just above the 22,925-point plateau although it's due for support on Wednesday.
The global forecast for the Asian markets offers little clarity, although technology shares may provide a slight boost. The European markets were down and the U.S. bourses were mixed and the Asian markets figure to split the difference.
The TSE finished sharply lower on Tuesday following losses from the financial shares, technology stocks and plastics companies.
For the day, the index dropped 271.48 points or 1.17 percent to finish at 22,926.59 after trading between 22,711.10 and 23,056.57.
Among the actives, Cathay Financial lost 1.15 percent, while Mega Financial shed 0.38 percent, CTBC Financial eased 0.14 percent, First Financial declined 0.91 percent, Fubon Financial dipped 0.33 percent, E Sun Financial sank 0.73 percent, Taiwan Semiconductor Manufacturing Company dropped 0.95 percent, United Microelectronics Corporation stumbled 1.73 percent, Hon Hai Precision plunged 2.56 percent, Largan Precision slumped 1.29 percent, Catcher Technology perked 0.21 percent, MediaTek tanked 2.62 percent, Delta Electronics rose 0.25 percent, Novatek Microelectronics surrendered 2.14 percent, Formosa Plastics tumbled 1.75 percent, Nan Ya Plastics skidded 1.06 percent and Asia Cement fell 0.32 percent.
The lead from Wall Street is murky as the major averages opened lower on Tuesday and largely hugged the line before ending mixed.
The Dow slumped 154.52 points or 0.36 percent to finish at 42,233.05, while the NASDAQ jumped 145.56 points or 0.78 percent to close at a record 18,712.75 and the S&P 500 rose 9.40 points or 0.16 percent to end at 5,832.92.
The climb by the NASDAQ came ahead of the release of earnings news from big-name tech companies, including with Google parent Alphabet (GOOGL), Advanced Micro Devices (AMD), Meta Platforms (META), Microsoft (MSFT), Amazon (AMZN) and Apple (AAPL).
Semiconductor stocks showed a particularly strong move to the upside, driving the Philadelphia Semiconductor Index up by 2.3 percent.
In U.S. economic news, the Conference Board noted a substantial improvement by U.S. consumer confidence in October. Also, the Labor Department said job openings in the U.S. fell to 7.44 million in September from a downwardly revised 7.86 million in August.
Oil futures settled lower again on Tuesday amid concerns crude supplies will far exceed near term demand. West Texas Intermediate Crude oil futures for December ended down $0.17 or about 0.25 percent at $67.21 a barrel.

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.