AI Sentiment: Bearish
Reason: The Taiwan stock market ended with losses, with the Taiwan Weighted losing 0.11%. Despite some stocks like Ennoconn Corp and Formosa Sumco Technology Corp hitting all-time highs, falling stocks outnumbered advancing ones on the Taiwan Stock Exchange.
The stock market in Taiwan ended with losses after the trading session, with depreciation in the sectors of Electronic Parts/Components, Cement, and Semiconductor leading the downturn. At the close in Taiwan, the Taiwan Weighted lost 0.11%.
The best performers of the session on the Taiwan Weighted were Ennoconn Corp (TW:6414), which rose 9.99% or 14.00 points to trade at 154.00 at the close. Meanwhile, Formosa Sumco Technology Corp (TW:3532) added 9.98% or 16.00 points to end at 176.50 and Shin Kong Textile Co Ltd (TW:1477) was up 8.58% or 1.45 points to 18.35 in late trade.
The worst performers of the session were China Steel Structure Co Ltd (TW:1721), which fell 9.87% or 1.95 points to trade at 17.80 at the close. Teco Electric & Machinery Co Ltd (TW:1504) declined 8.06% or 1.40 points to end at 16.00 and China Electric Mfg Corporation (TW:1513) was down 7.53% or 0.90 points to 11.10.
Falling stocks outnumbered advancing ones on the Taiwan Stock Exchange by 438 to 352 and 132 ended unchanged.
Shares in Ennoconn Corp (TW:6414) rose to all time highs; gaining 9.99% or 14.00 to 154.00. Shares in Formosa Sumco Technology Corp (TW:3532) rose to all time highs; up 9.98% or 16.00 to 176.50. Shares in Shin Kong Textile Co Ltd (TW:1477) rose to 52-week highs; up 8.58% or 1.45 to 18.35.
Crude oil for June delivery was down 0.36% or 0.24 to $66.32 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July fell 0.44% or 0.30 to hit $68.22 a barrel, while the June Gold Futures contract rose 0.41% or 7.45 to trade at $1841.75 a troy ounce.
USD/TWD was up 0.05% to 28.133, while TWD/CNY fell 0.07% to 0.2389.
The US Dollar Index Futures was down 0.10% at 90.143.