(RTTNews) – The Taiwan stock marketplace has ended reduced in 2 consecutive sessions, sinking nearly 50 points or 0.4 percentage on the way. The Taiwan Stock Exchange sits just above the 12,540-point although it may prevent the bleeding Thursday.
The international prediction for its Asian markets is optimistic on strong earnings news and financial information. The European markets have been mixed and the U.S. bourses moved bigger along with also the Asian economies are expected to stick to the latter direct.
The TSE finished significantly lower on Wednesday after losses from the tech stocks, profits in the financials along with a combined image from the cement businesses.
For the afternoon, the indicator dropped 45.76 0 or points.36 per cent to finish at 12,540.97 after trading between 12,488.01 and 12,660.87.
Among the actives, Cathay Financial climbed 1.13 percent, while Mega Financial jumped 1.74 percent, CTBC Financial collected 0.78 percent, Fubon Financial was up 0.24 percent, First Financial rallied 1.73 percent, E Sun Financial advanced 0.93 percent, Taiwan Semiconductor Manufacturing Company plunged 2.99 percent, United Microelectronics Corporation added 0.67 percent, Hon Hai Precision shed 0.51 percent, Largan Precision skidded 1.53 percent, Catcher Technology fell 0.23 percent, MediaTek rose 0.29 percent, Asia Cement lost 0.38 percent, Taiwan Cement gathered 1.24 percent and Formosa Plastic perked 0.78 percent.
The lead from Wall Street is positive as stocks opened higher on Wednesday and picked up steam as the day progressed.
The Dow added 160.29 points or 0.61 percent to finish at 26,539.57, while the NASDAQ spiked 140.85 points or 1.35 percent to end at 10,542.94 and the S&P 500 rose 40.00 points or 1.24 percent to close 3,258.44.
Early buying interest was partly generated by the latest batch of earnings news, with a number of big-name companies reporting better than expected quarterly results including Advanced Micro Devices (AMD) and C.H. Robinson (CHRW).
The strength on Wall Street also reflected a report from the National Association of Realtors showing another significant increase in pending home sales in June.
Stocks saw continued strength after the Federal Reserve announced its widely expected decision to leave interest rates at near-zero levels amid the economic hardship imposed by the coronavirus pandemic.
Crude oil prices moved higher on Wednesday after data showed a larger than expected decline in U.S. crude inventories last week. West Texas Intermediate Crude oil futures for September ended up $0.23 or 0.6 percentage at $41.27 a barrel.
The views along with opinions expressed herein are also the perspectives and opinions of the author and don’t necessarily reflect those of Nasdaq, Inc.