Story
Taiwan Stocks Close at One-Month Low on Tech and Energy Sector Weakness
Summary
Taiwan's benchmark stock index, the Taiwan Weighted, closed down 0.26% to reach a new one-month low, pressured by significant declines in the technology and energy sectors.
Taiwan's main stock market index fell at the close of trading on Friday, hitting its lowest point in a month. The Taiwan Weighted index declined by 0.26%, weighed down by broad-based sector weakness.
Sector and Stock Performance
The downturn was led by losses in the Optoelectronic, Oil, Gas & Electricity, and Computers & Peripherals sectors, according to market data. Several prominent technology firms experienced steep declines, with some hitting the daily trading limit.
- Top Decliners: Asmedia Technology Inc (TW:5269), D-Link Corp (TW:2332), and Sino Horizon Holdings Ltd (TW:2923) were among the session's worst performers, each falling by 10.00%.
- Notable Gainers: Bucking the trend, United Microelectronics Corporation (TW:2303) rose 7.32%, while Holtek Semiconductor Inc (TW:6202) gained 7.88%.
AdBroader Market Indicators
The negative sentiment was mirrored in global commodity markets. Crude oil futures for September delivery fell, as did the international benchmark Brent oil. In precious metals, Gold Futures contracts also traded lower.
In currency markets, the New Taiwan dollar weakened slightly against the U.S. dollar, with the USD/TWD pair inching up 0.02% to 32.42. The US Dollar Index Futures, which measures the greenback against a basket of major currencies, also registered a gain of 0.33%.
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