Taiwan equities ended the trading day in the red on Tuesday, with the Taiwan Weighted closing 0.22% lower as losses in the Glass and Machinery sectors contributed to the downdraft.
Market movers
Among individual performers, Avision Inc (TW:2380) led the session's winners, jumping 10.00% - an increase of 0.55 points - to finish at 6.05. Nuvoton Technology Corp (TW:4919) also posted a 10.00% gain, rising by 7.30 points to close at 80.30, while General Interface Solution GIS Holding Ltd (TW:6456) gained 10.00%, adding 5.70 points to end the day at 62.70.
On the downside, Kung Sing Engineering Corp (TW:5521) was the heaviest loser among the main decliners, sliding 9.94% or 2.30 points to close at 20.85. Yeong Guan Energy Technology Group Co Ltd (TW:1589) declined 9.89%, down 0.81 points to 7.38, and Nanya Technology Corp (TW:2408) dropped 9.51% or 24.50 points to finish at 233.00.
The report noted that falling stocks outnumbered advancing ones on the Taiwan Stock Exchange by 0 to 0.
Notable data points
- Yeong Guan Energy Technology Group Co Ltd (TW:1589) fell to all-time lows, closing at 7.38 after a 9.89% decline.
- Crude oil for April delivery declined 6.01% - a drop of $5.70 - to settle at $89.07 a barrel.
- Brent oil for May delivery fell 5.57% or $5.51 to $93.45 a barrel.
- The April Gold Futures contract rose 1.64%, gaining $83.71 to trade at $5,187.41 a troy ounce.
Currencies and broader indicators
On the currency front, USD/TWD was up 0.18% to 31.77 while TWD/CNY was reported unchanged at 0.22 with a move of 0.14%. Meanwhile, the US Dollar Index Futures was down 0.38% at 98.79.
Wrap-up
The session was characterized by selective large-percentage advances in a few names set against deeper losses in several others, leaving the benchmark modestly lower. Commodity markets showed notable volatility, particularly in crude and Brent oil, while gold futures moved higher and currency changes were relatively contained.