Taiwan equities closed higher on Thursday, led by gains in the Glass, Electronic Parts/Components and Paper & Pulp sectors, pushing the market to a new record.
The Taiwan Weighted rose 1.75% at the close to reach an all-time high.
Top performers
- Action Electronics Co Ltd (TW:3024) advanced 10.00%, gaining 1.20 points to finish at 13.20.
- Taiwan Asia Semiconductor Corp (TW:2340) increased 10.00%, up 3.55 points to 39.05.
- MediaTek Inc (TW:2454) climbed 10.00%, adding 190.00 points to end the session at 2,090.00.
Lagging names
- Yeong Guan Energy Technology Group Co Ltd (TW:1589) fell 9.92%, down 0.61 points to close at 5.54.
- Para Light Electronics Co Ltd (TW:6226) dropped 8.75%, losing 1.40 points to finish at 14.60.
- Advanced Optoelectronic Technology Inc (TW:3437) declined 7.53%, slipping 2.25 points to 27.65.
Market breadth as reported showed "Falling stocks outnumbered advancing ones on the Taiwan Stock Exchange by 0 to 0."
Among notable price milestones, shares of Yeong Guan Energy Technology Group Co Ltd (TW:1589) reached an all-time low after the 9.92% decline to 5.54. Taiwan Asia Semiconductor Corp (TW:2340) moved to a 52-week high on its 10.00% gain to 39.05. MediaTek Inc (TW:2454) set an all-time high, rising 10.00% to reach 2,090.00.
Commodities and currencies
Crude oil for June delivery traded higher by 0.90%, or $0.84, at $93.80 a barrel. Brent crude for June delivery rose 0.80%, or $0.82, to $102.73 a barrel. The June Gold Futures contract declined 0.48%, or $22.84, to $4,730.16 a troy ounce.
On the currency front, USD/TWD was up 0.14% at 31.52, while TWD/CNY was unchanged at 0.05% to 0.22. The US Dollar Index Futures moved 0.06% higher to 98.47.
The trading session combined a broad market advance with concentrated moves in individual names and cross-market price action in commodities and FX.