Taiwan stocks ended lower on Wednesday, with the Taiwan Weighted index declining by 0.30%, influenced by losses in the Transport and Optoelectronic sectors.
Top Performers
Despite the overall decline, some stocks performed notably well. Universal Inc (TW:1325) led the gains, rising 10.00% or 2.85 points to close at 31.35. Prime Electronics & Satellitics Inc (TW:6152) followed with a 9.95% increase or 1.10 points, ending at 12.15, marking a 52-week high. Gem Terminal Industry Co Ltd (TW:2460) also performed well, up 9.94% or 3.30 points to finish at 36.50.
Worst Performers
On the other hand, several stocks experienced significant declines. Ace Pillar Co Ltd (TW:8374) was the worst performer, falling 10.00% or 6.70 points to close at 60.30. San Far Property Ltd (TW:9946) dropped 9.99% or 4.95 points to end at 44.60. Yang Ming Marine Transport Corp (TW:2609) also saw a substantial decline, down 9.89% or 8.20 points to finish at 74.70.
Market Breadth
The Taiwan Stock Exchange saw a broad decline with falling stocks outnumbering advancing ones.
Commodities and Currency Markets
In commodities trading, Crude oil for July delivery rose 0.76% or 0.59 to $78.49 a barrel. Brent oil for August delivery increased by 0.60% or 0.49 to $82.41 a barrel. Gold Futures for August delivery were up 0.20% or 4.70, trading at $2,331.30 per troy ounce.
In the currency market, USD/TWD decreased by 0.09% to 32.35, while TWD/CNY remained relatively unchanged, up 0.05% to 0.22. The US Dollar Index Futures, tracking the greenback against a basket of other currencies, declined by 0.35% to 104.83.
Overall, Taiwan’s market faced a challenging session with sector-specific declines overshadowing gains in individual stocks, while commodities showed positive trends amidst a slight weakening of the US dollar.
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