Taiwan Stock Market Due For Profit Taking

RTT News
Date: 10/6/2015

The Taiwan stock market has finished higher now in six straight sessions, advancing almost 270 points or 3.5 percent in that span. The Taiwan Stock Exchange now rests just shy of the 8,400-point plateau, although investors figure to lock in gains on Wednesday.

The global forecast for the Asian markets suggests consolidation on profit taking following the rallies seen in recent days, while apprehension ahead of earnings season adds to the soft sentiment. The European markets were higher and the U.S. bourses were mostly lower, and the Asian markets figure to follow the latter lead.

The TSE finished modestly higher on Tuesday following gains from the technology stocks and the plastics companies.

For the day, the index perked 41.74 points or 0.50 percent to finish at 8,394.10 after trading between 8,390.89 and 8,482.83 on turnover of 99.62 billion Taiwan dollars.     [FULL  STORY]

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