Taiwan's Taiex Index Closes Marginally Higher on Energy Sector Strength

Taiwan's main stock index finished Wednesday's session with a minimal gain, as strength in energy and transport shares offset weakness elsewhere in the market.

Market Performance

The Taiwan Weighted Index (Taiex) closed up 0.06%, according to market data. Despite the flat performance of the headline index, market breadth was positive, indicating broader participation in the session's gains. On the Taiwan Stock Exchange, advancing stocks outnumbered decliners by a margin of 619 to 385, with 121 issues ending the day unchanged.

Sector and Stock Movers

Sector performance was mixed, with notable strength in the Oil, Gas & Electricity, Optoelectronic, and Transport industries leading the market higher. This was reflected in the day's top-performing stocks.

Ad

• Top Gainers:
• Gem Terminal Industry Co Ltd (TW:2460) rose 9.96% to 30.90.
• Cheer Time Enterprise Co Ltd (TW:3229) gained 9.96% to end at 60.70.
• Song Chuan Precision Co Ltd (TW:7788) was up 9.95% to 320.50.
• Top Decliners:
• PELL BIO MED TECHNOLOGY CO LTD (TW:6949) fell 9.11%.
• Sixxon Tech Co Ltd (TW:4569) declined 7.00%.
• Transcene Corp (TW:6969) was down 6.63%.

Broader Market Context

The gains in energy-related stocks coincided with a rise in global oil prices. Crude oil futures for October delivery were up 0.87% to $93.84 a barrel, while the international benchmark Brent oil for November delivery rose 0.98% to $98.88 a barrel.

In currency markets, the Taiwan dollar showed strength against the U.S. dollar, with the USD/TWD pair falling 0.20% to 31.46. This occurred as the US Dollar Index Futures, which measures the greenback against a basket of major currencies, ticked down 0.07%.