Story
Taiwan Weighted Index Closes Down 2.31% on Sector-Wide Weakness
Summary
Taiwan's benchmark stock index fell sharply at Thursday's close, dragged lower by significant losses in the plastic and optoelectronic sectors.
Taiwan's stock market ended Thursday's session on a downturn, with the benchmark Taiwan Weighted Index (TWII) falling 2.31%. The decline was driven by broad-based selling pressure, particularly concentrated in the plastic and optoelectronic sectors, according to market closing data.
Market Session in Detail
The widespread negative sentiment was reflected in several key stocks that posted significant losses. The day's worst performers on the main index included:
- Sigurd Microelectronics Corp (TW:6257), which plunged 11.36% to close at 242.00.
- Hong Pu Real Estate Development Co Ltd (TW:2536), declining 10.88% to finish at 19.25.
- Nichidenbo Corp (TW:3090), which dropped 10.00% to end the day at 306.00.
Pockets of Strength
AdDespite the overall market decline, a handful of companies bucked the trend with strong gains. AOPEN Inc (TW:3046) was a standout performer, rising 9.98% to close at 58.40.
Notably, two companies reached new all-time highs during the session. GEM Services Inc (TW:6525) added 9.95% to end at 221.00, while Spirox Corp (TW:3055) gained 9.66% to close at 176.00.
Broader Financial Context
In foreign exchange trading, the New Taiwan dollar weakened slightly against its U.S. counterpart, with the USD/TWD currency pair rising 0.13% to 32.10. Elsewhere, commodity markets saw crude oil prices decline, while gold futures contracts posted modest gains.