Taiwanese stocks look set to fall on Monday

(RTTNews) – Taiwan’s stock market fell for three straight sessions, losing nearly 650 parts, or 2.7 percent from potential. Taiwan’s stock market is now actually sitting above the 23,010 plateau and, or not, it has another edge for Monday’s change.

The international outlook for Asian markets is broadly unfavorable after the US employment data release weighed heavily on the outlook for hobby prices. European and American markets ended solidly in the purple and Asian stock markets are expected to be born in the same fashion.

The TSE was modestly lower on Friday following losses in financial stocks and cement companies, while ability stocks rose and the financial sector was sometimes mixed.

During the day, the index sank 69.24 parts or 0.30 percent to 23,011.86 after buying and selling between 22,989.67 and 23,202.25.

Among actives, Mega Financial lost 0.39 percent, while CTBC Financial gained 0.16 percent, First Financial fell 0.36 percent, United Microelectronics Company sank 0.72 percent, Hon Hai Precision fell 0 .82 percent, Largan Precision rose 5.97 percent, Catcher Technology improved 0.77 percent, MediaTek jumped 1.74 percent, Delta Electronics added 0.60 percent, Novatek Microelectronics slipped 1.01 percent, Formosa Plastics fell 1.72 percent, Nan Ya Plastics declined 1.05 percent, Asia Cement lost 0.63 percent, Cathay Financial, Fubon Financial , and E Sun Financial and Taiwan Semiconductor Manufacturing Company remained unchanged.

The guidance from Wall Street is bad because the critical averages that opened on Friday were sharply lower, keeping that potential at some level of a day of buying and selling.

The Dow fell 696.75 parts, or 1.63 percent, to 41,938.45, while the NASDAQ fell 317.27 parts, or 1.63 percent, to 19,161.63 and the S&P 500 fell 91.21 parts, or 1 .54 percent to 5,827.04.

The weakness on Wall Street was once due to buoyant nonfarm payrolls data, which raised concerns that the Federal Reserve will undoubtedly defend hobby interest rates at current ranges or slow the pace of cuts.

While part of the story is persistent energy in the labor market, the information is even more unmistakable that the Federal Reserve is giving self-confidence in its idea to gradually reduce hobby rates in the coming year.

Oil prices rose sharply on Friday following the Biden administration’s decision to impose additional sanctions on Russian oil exports. West Texas Intermediate crude futures for February were up $2.65, or 3.6 percent, at $76.57 a barrel, the best settlement over the past three months.

The views and opinions expressed in this document are those of the creator and do not necessarily reflect those of Nasdaq, Inc.