Taiwan stocks set to rebound on Wednesday

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(RTTNEWS) – The Taiwan stock market went again south on Tuesday, a session after having broken the two -day fall during which it had dropped more than 250 points or 1.5 %. La Bourse de Taïwan repose maintenant juste au-dessus du plateau de 16 510 points, bien qu’elle soit susceptible de rebondir mercredi.

The global forecast for Asian markets is mixed at higher, with support expected from the oil and technology sectors. The European markets were broken and the US scholarships were up and the Asian markets should follow this last head.

The TSE ended modestly lower Tuesday after loss of financial actions, cement actions and technological companies.

For the day, the index lost 93.08 points or 0.56% to finish at 16,512.88 after exchanging between 16,465.87 and 16,593.75.

Among the assets, Mega Financial fell 0.26 %, while CTBC Financial dubbed 1.12 %, Fubon Financial fell 0.94 %, First Financial collected 0.38 %, E Sun Financial fell de 0,84 %, Taiwan Semiconductor Manufacturing Company a chuté de 0,93 %, United Microelectronics Corporation a perdu 0,58 %. , Hon Hai Precision fell 1.73%, Largan Precision fell 2.21%, MediaTek fell 1.66%, Delta Electronics plunged 2.51%, Formosa Plastic fell 1.38% , Nan Ya Plastics fell 0.35%, China Steel rose 0.29%, Asia Cement fell 0.34%. , Taiwan Cement lost 0.48% and Receiver Technology and Cathay Financial were unchanged.

Wall Street’s lead is bullish as major averages shrugged off a weaker open on Tuesday, gaining momentum as the session progressed to end firmly in the green.

The Dow Jones jumped 264.36 points or 0.80% to end at 33,180.14, while the NASDAQ jumped 113.86 points or 0.94% to end at 12,175.23 and the S&P 500 gained 39.25 points or 0.95% to close at 4,160.68.

Concerns about slowing growth, Target’s weak margin forecast and a sell-off in technology contributed to Wall Street’s weakness in early deals. However, the best technological actions quickly recovered and the wide market also started to climb too.

In US economic news, the Commerce Department said the US trade deficit narrowed significantly in April, from $107.7 billion in March to $87.1 billion in April.

Crude oil prices rose on Tuesday as prospects for increased demand from China and supply issues outweighed growth concerns. West Texas Broken Petroleum Contracts in the USE Texas Broken Petroleum ended $ 0.91 or 0.8% to $ 119.41 a barrel.

Closer to home, Taiwan will release May figures for imports, exports and the trade balance later today. Imports are expected to jump 19.75% on the year, from 26.7% in April. Exports are called higher by 13.0% annually, compared to 18.8% the previous month. The trade surplus is pegged at $4.6 billion, down from $4.91 billion the previous month.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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