Taiwan stocks higher at close of trade; Taiwan Weighted up 0.55%

Taiwan stocks higher at close of trade; Taiwan Weighted up 0.55%

Aug 23, 2018

Taiwan stocks were higher after the close on Thursday, as gains in the Paper&Pulp, Textile and Electricity sectors led shares higher.

At the close in Taiwan, the Taiwan Weighted added 0.55%.

The best performers of the session on the Taiwan Weighted were China Steel Structure Co Ltd (TW:2013), which rose 9.96% or 2.55 points to trade at 28.15 at the close. Meanwhile, Gigastorage Corp (TW:2406) added 9.96% or 0.78 points to end at 8.61 and WUS Printed Circuit Co Ltd (TW:2316) was up 9.94% or 1.70 points to 18.80 in late trade.

The worst performers of the session were Sumagh High Tech Corp (TW:1475), which fell 9.97% or 1.45 points to trade at 13.10 at the close. Tung Kai Technology Engineering Co Ltd (TW:3018) declined 9.91% or 3.65 points to end at 33.20 and Patec Precision Industry Co Ltd (TW:2236) was down 8.29% or 3.55 points to 39.25.

Rising stocks outnumbered declining ones on the Taiwan Stock Exchange by 424 to 362 and 130 ended unchanged.

Shares in Sumagh High Tech Corp (TW:1475) fell to 52-week lows; losing 9.97% or 1.45 to 13.10. Shares in Tung Kai Technology Engineering Co Ltd (TW:3018) fell to 52-week lows; down 9.91% or 3.65 to 33.20. Shares in Patec Precision Industry Co Ltd (TW:2236) fell to 52-week lows; down 8.29% or 3.55 to 39.25.

Crude oil for October delivery was down 0.12% or 0.08 to $67.78 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October fell 0.33% or 0.25 to hit $74.53 a barrel, while the December Gold Futures contract fell 0.42% or 5.10 to trade at $1198.20 a troy ounce.

USD/TWD was up 0.36% to 30.788, while TWD/CNY rose 0.13% to 0.2232.

The US Dollar Index Futures was up 0.27% at 95.26.

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