Taiwan stocks closed weaker on Monday, with the Taiwan Weighted index finishing the session down 0.76% and marking a fresh one-month high at the close. Sector performance was mixed, but losses concentrated in the Biotech & Medical Care and Chemical/Bio & Medical Care sectors helped push the overall market lower.
Among individual names, AMAX Holding Co Ltd (TW:6933) delivered the session's strongest advance, climbing 10.00% - an increase of 26.00 points - to finish at 286.00. The stock also reached a 52-week high during the session. Nan Ya Plastics Corp (TW:1303) followed with a 9.98% gain, up 22.00 points to close at 242.50, and Formosa Chemicals & Fibre Corp (TW:1326) rose 9.98%, adding 6.20 points to end the day at 68.30.
On the downside, Unimicron Technology Corp (TW:3037) recorded the largest decline, dropping 10.00% or 111.00 points to settle at 999.00. Eternal Precision Mechanics Co Ltd (TW:7795) fell 9.93%, sliding 56.00 points to 508.00, while Silergy Corp (TW:6415) lost 9.93%, down 45.50 points to close at 412.50.
Market breadth favored losers, with 671 stocks falling versus 347 advancing on the Taiwan Stock Exchange; 104 issues finished unchanged. The session's price action produced notable concentration in extreme moves, with a handful of names posting near-double-digit gains while several others posted declines of similar magnitude.
Commodities displayed significant intraday moves. Crude oil for October delivery increased 2.87%, rising $2.39 to trade at $85.79 a barrel. Brent oil for December delivery jumped 5.41%, up $4.66 to $90.78 a barrel. In contrast, the December Gold Futures contract fell 1.06% or $47.95, trading at $4,481.95 a troy ounce.
On the currency front, USD/TWD was up 0.09% to 31.69, while TWD/CNY was unchanged 0.19% to 0.21. The US Dollar Index Futures registered a small decline of 0.08%, trading at 99.58 at the time referenced.
Session snapshot
- Taiwan Weighted -0.76% at close, hitting a one-month high.
- Top gainers: TW:6933 (+10.00%), TW:1303 (+9.98%), TW:1326 (+9.98%).
- Top losers: TW:3037 (-10.00%), TW:7795 (-9.93%), TW:6415 (-9.93%).
- Breadth: 671 decliners, 347 advancers, 104 unchanged.
The market closed with mixed signals: strong moves in some individual stocks and sectors offset by broad weakness that left the benchmark lower for the day.