Taiwan equities closed notably higher on Thursday, paced by gains in the Electronic Parts/Components, Oil, Gas & Electricity and Plastic sectors. At the market close, the Taiwan Weighted index had climbed 2.02%.
Leading the session were several individual stocks that recorded double-digit percentage moves. ITEQ Corp (TW:6213) finished up 10.00% - a 17.00 point increase - at 187.00, while Ta Liang Technology Co Ltd (TW:3167) rose 9.99% or 44.50 points to close at 490.00. Shunsin Technology Holdings Ltd (TW:6451) added 9.98%, gaining 29.50 points to end the day at 325.00.
On the downside, Everlight Chemical Industrial Corp (TW:1711) was the session's heaviest loser, sliding 10.00% or 3.75 points to finish at 33.75. LIWANLI Innovation Co Ltd (TW:3054) declined 9.94% - a drop of 6.70 points - to 60.70, and Yeong Guan Energy Technology Group Co Ltd (TW:1589) fell 9.92% or 0.61 points to close at 5.54.
Market breadth was reported in an unusual notation: "Falling stocks outnumbered advancing ones on the Taiwan Stock Exchange by 0 to 0."
Several stock-specific milestones were noted at the close. Shares of ITEQ Corp and Ta Liang Technology reached all-time highs, with ITEQ up 10.00% to 187.00 and Ta Liang up 9.99% to 490.00. By contrast, Yeong Guan Energy Technology Group recorded an all-time low, declining 9.92% to 5.54.
Commodities markets showed divergent moves during the session. Crude oil for May delivery advanced 3.16%, a gain of 2.98, to trade at $97.39 a barrel. Brent oil for June delivery increased 2.25% or 2.13 to $96.88 a barrel. Precious metals weakened, with the June Gold Futures contract down 0.85% or 40.45 to trade at $4,736.75 a troy ounce.
Currency activity included a 0.26% rise in USD/TWD to 31.82, while TWD/CNY was reported unchanged at 0.14% to 0.21. In the broader dollar market, the US Dollar Index Futures was slightly lower, down 0.04% at 98.88.
Which stock should you buy in your very next trade? AI computing powers are changing the stock market. Investing.com's ProPicks AI includes dozens of winning stock portfolios chosen by our advanced AI. Year to date, 2 out of 3 global portfolios are beating their benchmark indexes, with 88% in the green. Our flagship Tech Titans strategy doubled the S&P 500 within 18 months, including notable winners like Super Micro Computer (+185%) and AppLovin (+157%). Which stock will be the next to soar? Pick Stocks with AI