Taiwan equities finished higher on Monday as the Taiwan Weighted rose 2.51% to reach a fresh all-time peak. Market strength was concentrated in the Plastic, Computers & Peripherals and Electricity sectors, which supported the broad advance into the close.
Top movers
- momo.com Inc (TW:8454) led the session's winners, rising 10.00% or 21.00 points to close at 231.00.
- Formosa Sumco Technology Corp (TW:3532) also climbed 10.00% or 29.00 points to end the day at 319.00.
- Cheer Time Enterprise Co Ltd (TW:3229) advanced 10.00% or 4.50 points to finish at 49.50.
Largest decliners
- Yeong Guan Energy Technology Group Co Ltd (TW:1589) fell 9.92% or 0.61 points to close at 5.54.
- Chung Fu Tex-International Corp (TW:1435) dropped 9.51% or 1.35 points to finish at 12.85.
- Lung Hwa Electronics Co Ltd (TW:2424) declined 6.02% or 0.80 points to end at 12.50.
Market breadth was recorded in an unusual note: "Falling stocks outnumbered advancing ones on the Taiwan Stock Exchange by 0 to 0."
Notable price records and time-frame highs/lows
- Securities in Yeong Guan Energy Technology Group Co Ltd (TW:1589) fell to all-time lows, closing at 5.54 after the 9.92% drop.
- Formosa Sumco Technology Corp (TW:3532) reached 3-year highs with its 10.00% gain to 319.00.
- Chung Fu Tex-International Corp (TW:1435) moved down to 5-year lows, ending at 12.85 following the 9.51% decline.
- Cheer Time Enterprise Co Ltd (TW:3229) rose to 5-year highs, closing at 49.50 after a 10.00% increase.
Commodities and FX
In commodities trading, crude oil for July delivery was up 2.83% or 2.47 to $89.83 a barrel. Brent oil for August delivery rose 2.44% or 2.22 to $93.34 a barrel. The August Gold Futures contract fell 1.01% or 46.30 to trade at $4,546.70 a troy ounce.
On currency moves, USD/TWD was down 0.27% at 31.34, while TWD/CNY was unchanged at 0.28% to 0.22. The US Dollar Index Futures rose 0.10% to 98.95.
Context and closing notes
The session featured notable volatility among smaller-cap names, producing several double-digit percentage moves to the upside and downside. The overall advance pushed the Taiwan Weighted to an all-time closing high, led by sector strength in plastics, computer hardware and electricity-related firms.
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