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Taiwan stocks higher at close of trade; Taiwan Weighted up 0.84%

Published 08/30/2024, 02:00 AM
Updated 08/30/2024, 02:05 AM
© Reuters.  Taiwan stocks higher at close of trade; Taiwan Weighted up 0.84%
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Investing.com – Taiwan stocks were higher after the close on Friday, as gains in the Semiconductor, Other Electronic and Electronics sectors led shares higher.

At the close in Taiwan, the Taiwan Weighted gained 0.84%.

The best performers of the session on the Taiwan Weighted were Lung Hwa Electronics Co Ltd (TW:2424), which rose 9.99% or 4.25 points to trade at 46.80 at the close. Meanwhile, Everlight Chemical Industrial Corp (TW:1711) added 9.98% or 2.45 points to end at 27.00 and Tong-Tai Machine Tool Co Ltd (TW:4526) was up 9.97% or 3.50 points to 38.60 in late trade.

The worst performers of the session were Arima Communications Corp (TW:8101), which fell 9.95% or 0.21 points to trade at 1.90 at the close. Lead Data Inc (TW:2443) declined 9.85% or 0.39 points to end at 3.57 and Ace Pillar Co Ltd (TW:8374) was down 4.50% or 6.50 points to 138.00.

Falling stocks outnumbered advancing ones on the Taiwan Stock Exchange by 0 to 0.

Shares in Lung Hwa Electronics Co Ltd (TW:2424) rose to 52-week highs; rising 9.99% or 4.25 to 46.80. Shares in Arima Communications Corp (TW:8101) fell to all time lows; falling 9.95% or 0.21 to 1.90. Shares in Everlight Chemical Industrial Corp (TW:1711) rose to 52-week highs; gaining 9.98% or 2.45 to 27.00. Shares in Tong-Tai Machine Tool Co Ltd (TW:4526) rose to 5-year highs; up 9.97% or 3.50 to 38.60.

Crude oil for October delivery was up 0.37% or 0.28 to $76.19 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November rose 0.38% or 0.30 to hit $79.12 a barrel, while the December Gold Futures contract fell 0.52% or 13.25 to trade at $2,547.05 a troy ounce.

USD/TWD was up 0.28% to 31.98, while TWD/CNY unchanged 0.40% to 0.22.

The US Dollar Index Futures was up 0.03% at 101.31.

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