Taiwanese equities finished the Wednesday session in negative territory, with the Taiwan Weighted falling 1.80% at the close. Sector weakness in Biotech & Medical Care and Computers & Peripherals was cited among the principal drags on the market.
The session's top performers on the Taiwan Weighted included Choice Development Inc (TW:9929), which climbed 10.00% - a gain of 1.15 points - to finish at 12.65. Cub Elecparts Inc (TW:2231) also rose 10.00%, or 12.50 points, to close at 137.50. Baolong International Co Ltd (TW:1906) likewise recorded a 10.00% increase, advancing 1.15 points to end the day at 12.65.
On the downside, Shunsin Technology Holdings Ltd (TW:6451) led losses, dropping 10.00% - a fall of 36.50 points - to close at 328.50. Tonlin Department Store Co Ltd (TW:2910) declined 9.76%, or 2.25 points, to finish at 20.80. Alchip Technologies Ltd (TW:3661) fell 9.54%, a decline of 290.00 points, to end at 2,750.00.
Volume breadth on the Taiwan Stock Exchange showed more falling issues than advancing ones - recorded as falling stocks outnumbered advancing ones on the Taiwan Stock Exchange by 0 to 0 - reflecting the overall risk-off tone among listed names.
In commodities trading, crude oil for May delivery eased 0.14%, or 0.14, to trade at $101.24 a barrel. Brent crude for June delivery slipped 0.76%, or 0.79, to $103.18 a barrel. Precious metals saw gains as the June Gold Futures contract rose 0.74%, or 34.49, to trade at $4,713.09 a troy ounce.
Currency moves accompanied the session's risk shift. The USD/TWD exchange rate fell 0.13% to 31.91, while TWD/CNY was effectively unchanged, recorded as 0.05% to 0.22. The US Dollar Index Futures traded lower, down 0.22% at 99.54.
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