Taiwan equities finished lower on Tuesday, with the Taiwan Weighted index retreating 1.33% at the close as selling in the Electricity and Plastic sectors pressured the market.
The session produced outsized moves among small-cap listings. The best performers on the Taiwan Weighted were King Core Electronics Inc (TW:6155), which climbed 9.99% or 7.20 points to end at 79.30; Shin Zu Shing Co Ltd (TW:3376), which rose 9.98% or 21.50 points to finish at 237.00; and Hocheng Corp (TW:1810), up 9.98% or 2.05 points to 22.60 in late trade.
On the downside, Space Shuttle Hi-Tech Co Ltd (TW:2440) fell 10.00% or 2.05 points to close at 18.45, Gigastorage Corp (TW:2406) declined 10.00% or 3.85 points to 34.65, and Transcend Information Inc (TW:2451) was down 9.94% or 35.50 points to finish at 321.50.
Market breadth data as reported showed falling stocks outnumbered advancing ones on the Taiwan Stock Exchange by 0 to 0. Shares in King Core Electronics Inc were noted as reaching all-time highs, registering a 9.99% gain to 79.30.
Commodities and currency moves during the session reflected mixed pressures. Crude oil for July delivery was down 1.25% or 1.14 to $90.16 a barrel. Brent oil for August delivery fell 0.95% or 0.90 to $93.35 a barrel. The August Gold Futures contract rose 0.12% or 5.36 to trade at $4,368.76 a troy ounce. The US Dollar Index Futures was reported down 0.39% at 99.64.
In foreign exchange, USD/TWD weakened 0.31% to 31.47, while TWD/CNY was unchanged 0.09% to 0.22.
Key equity movers of the session at a glance:
- Top gainers: King Core Electronics Inc (TW:6155) +9.99% to 79.30; Shin Zu Shing Co Ltd (TW:3376) +9.98% to 237.00; Hocheng Corp (TW:1810) +9.98% to 22.60.
- Largest decliners: Space Shuttle Hi-Tech Co Ltd (TW:2440) -10.00% to 18.45; Gigastorage Corp (TW:2406) -10.00% to 34.65; Transcend Information Inc (TW:2451) -9.94% to 321.50.
The overall move lower in the index was accompanied by declines in key commodity benchmarks and a softer dollar versus the Taiwan dollar, as noted above.
Available session data included multiple index and commodity tickers and highlighted both steep single-stock moves and broader sector weakness that contributed to the Taiwan Weighted's 1.33% loss at the close.