TESTING TIMES:After a holiday-shortened week when Wall Street slid on fears of a trade war, Taiwan’s markets could test the half-year moving average today, an analyst said
Staff writer

Taipei Times
Date: Apr 09, 2018 
By: Staff Writer

After fears of an escalating trade war between China and the US caused volatility in global markets last week, the local stock market is counting on listed companies’ first-quarter sales reports and business updates to provide some resilience against external uncertainties, analysts said.

In light of a more than 2 percent decline in the three main Wall Street indices last week, the TAIEX might test the half-year moving average of 10,774 points today, when the market resumes trading after a three-day closure for the Tomb Sweeping Day holiday last week, the Chinese-language Liberty Times (sister newspaper of the Taipei Times) quoted Boryi Chien (簡伯儀), a senior manager at Cathay Securities Co (國泰證券), as saying yesterday.

The TAIEX last week ended 0.9 percent lower than the previous week at 10,821.53 points, with an average daily turnover of about NT$109.77 billion, lower than NT$113.23 billion in the preceding week, Taiwan Stock Exchange data showed.    [FULL  STORY]