Taiwan’s equity market closed higher on Wednesday, with the Taiwan Weighted index rising 1.48% as gains in plastic, chemical and optoelectronic shares outweighed declines in marine transport stocks.
Advancing issues outnumbered decliners by 840 to 205 on the Taiwan Stock Exchange, with 79 stocks unchanged. The broader market momentum was driven by technology and industrial materials sectors, which offset weakness in shipping equities.
Among the top gainers, PCL Technologies climbed 10.00% to 170.50, ITEQ Corp added 10.00% to 583.00, and Genius Electronic Optical surged 10.00% to 759.00. Conversely, Yang Ming Marine Transport fell 9.43% to 57.60, Wan Hai Lines dropped 9.09% to 115.00, and U-Ming Marine Transport declined 7.69% to 72.00.
Crude oil prices retreated, with October WTI down 1.88% to $80.81 per barrel and November Brent falling 1.63% to $85.85 per barrel. December gold futures were little changed, up 0.01% to $4,695.09 per troy ounce.
The U.S. dollar index futures rose 0.09% to 98.93, while the USD/TWD exchange rate fell 0.05% to 31.83. The TWD/CNY rate was largely flat, up 0.09% to 0.21.
The session’s trading concluded at 16:00 local time.
