Taiwan Stocks Slightly Down at Close; Taiwan Weighted Falls by 0.04%
Taipei, (Date) — Taiwan stocks slightly fell on Tuesday, with the Taiwan Weighted Index closing down by 0.04%. The decline was mainly due to losses in various sectors which pulled shares lower.
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Notable Performers
Despite the overall downturn, some companies showed significant gains:
- Ace Pillar Co Ltd soared by 10.00% or 7.20 points, closing at 79.20.
- Universal Inc also rose by 10.00% or 3.15 points, ending at 34.65.
- Min Aik Precision Industrial Co Ltd saw a jump of 9.96% or 4.70 points, closing at 51.90.
Underperformers
Conversely, some companies experienced notable declines:
- Tainan Enterprises Co Ltd dropped by 9.98% or 5.30 points, finishing at 47.80.
- Lead Data Inc declined by 9.85% or 0.39 points, ending at 3.57.
- JSL Construction & Development Co Ltd decreased by 7.14% or 14.00 points, closing at 182.00.
Market Breadth
Falling stocks outnumbered advancing ones on the Taiwan Stock Exchange, reflecting the overall negative sentiment among investors.
Commodity Markets
In the commodities market:
- Crude oil for August delivery fell by 0.13% or $0.10, priced at $79.62 a barrel.
- Brent oil for August delivery decreased by 0.09% or $0.08, closing at $84.17 a barrel.
- Gold Futures for August increased by 0.33% or $7.80, trading at $2,336.80 a troy ounce.
Foreign Exchange
In currency markets:
- USD/TWD (U.S. Dollar to Taiwanese Dollar) rose by 0.07% to 32.38.
- TWD/CNY (Taiwanese Dollar to Chinese Yuan) remained unchanged at 0.22.
- The U.S. Dollar Index Futures climbed by 0.08%, reaching 105.03.
Conclusion
While the overall market fell slightly, a few companies experienced considerable gains, indicating a mixed performance across sectors. Investors are keeping a close eye on commodity prices and currency movements, which also influence market dynamics.
