Taiwan Stocks Decline at Market Close; Taiwan Weighted Index Falls 2.62%

Taiwan’s stock market experienced a decline following Tuesday’s trading session, primarily driven by losses in several sectors.

At the close, the index fell by 2.62%.

The standout performers during the session included Arima Communications Corp, which surged by 350.24%, gaining 7.39 points to reach 9.50 at the end of trading. Additionally, TOPBI International Holdings Ltd increased by 9.95%, adding 1.00 points to finish at 11.05, and Sunjuice Holdings Co Ltd saw a rise of 9.80%, up 15.00 points to close at 168.00.

Conversely, the biggest losers included Lead Data Inc, which dropped 9.85%, losing 0.39 points to close at 3.57. Wan Hai Lines Ltd fell 8.84%, down 9.50 points to end at 98.00, while King Slide Works Co Ltd declined by 8.71%, decreasing 105.00 points to settle at 1,100.00.

On the Taiwan Stock Exchange, declining stocks outnumbered advancers significantly.

Arima Communications Corp reached a three-year high, jumping 350.24% to close at 9.50.

In commodity trading, crude oil for November delivery rose by 0.16%, or 0.11 to $68.28 a barrel. Meanwhile, Brent oil for December delivery increased by 0.14%, or 0.10 to reach $71.80 a barrel, and December Gold Futures gained 0.20%, or 5.45 to trade at $2,664.85 per troy ounce.

The exchange rate for USD/TWD rose by 0.36%, reaching 31.88, while TWD/CNY remained steady at 0.22.

The US Dollar Index Futures experienced a slight increase of 0.05%, closing at 100.57.