Tech Shares Expected To Lift Taiwan Stock Market

Tech Shares Expected To Lift Taiwan Stock Market #Tech #Shares #Expected #Lift #Taiwan #Stock #Market Welcome to JibGlobe, here is the new resources we have for you today:

(RTTNews) – The Taiwan stock market has moved lower in two straight sessions, tumbling almost 550 points or 3.7 percent along the way. The Taiwan Stock Exchange now rests just above the 15,175-point plateau although it’s due for support on Friday.

The global forecast for the Asian markets is mixed to higher, with bargain hunting expected to lift the oversold bourses – particularly among the technology shares. The European markets were down and the U.S. bourses were up and the Asian markets are tipped to follow the latter lead.

The TSE finished sharply lower on Thursday following wild volatility among the technology stocks, while the financials and cement companies also ended under pressure.

For the day, the index retreated 171.31 points or 1.12 percent to finish at 15,176.44 after trading between 15,102.40 and 15,380.28.

Among the actives, Mega Financial dipped 0.14 percent, while Fubon Financial dropped 0.97 percent, First Financial eased 0.19 percent, E Sun Financial jumped 1.55 percent, Taiwan Semiconductor Manufacturing Company tumbled 1.82 percent, United Microelectronics Corporation plunged 4.76 percent, Hon Hai Precision declined 1.37 percent, Largan Precision advanced 0.94 percent, Catcher Technology climbed 1.22 percent, MediaTek plummeted 14.62 percent, Delta Electronics soared 3.31 percent, Nan Ya Plastics fell 0.24 percent, Asia Cement declined 1.49 percent, Taiwan Cement slumped 1.27 percent and Cathay Financial, CTBC Financial and Formosa Plastics were unchanged.

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