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Taiwan stocks higher at close of trade; Taiwan Weighted up 0.75%

Published 08/05/2016, 02:45 AM
Updated 08/05/2016, 02:45 AM
© Reuters.  Taiwan stocks higher at close of trade; Taiwan Weighted up 0.75%

© Reuters. Taiwan stocks higher at close of trade; Taiwan Weighted up 0.75%

Investing.com – Taiwan stocks were higher after the close on Friday, as gains in the Rubber, Trading & Consumer Goods and Other sectors led shares higher.

At the close in Taiwan, the Taiwan Weighted added 0.75% to hit a new 52-week high.

The best performers of the session on the Taiwan Weighted were Epileds Tech (TW:4956), which rose 9.96% or 1.25 points to trade at 13.80 at the close. Meanwhile, Lite-On Semi (TW:5305) added 9.91% or 2.15 points to end at 23.85 and Pao Lung (TW:1906) was up 9.91% or 1.10 points to 12.20 in late trade.

The worst performers of the session were Faraday Tech (TW:3035), which fell 9.69% or 3.70 points to trade at 34.50 at the close. Jye Tai Precision Industrial Co Ltd (TW:6165) declined 6.29% or 1.10 points to end at 16.40 and Crowell (TW:2528) was down 5.88% or 0.40 points to 6.40.

Rising stocks outnumbered declining ones on the Taiwan Stock Exchange by 453 to 276 and 120 ended unchanged.

Shares in Epileds Tech (TW:4956) rose to 52-week highs; rising 9.96% or 1.25 to 13.80. Shares in Pao Lung (TW:1906) rose to 52-week highs; rising 9.91% or 1.10 to 12.20.

Crude oil for September delivery was down 1.14% or 0.48 to $41.45 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October fell 1.17% or 0.52 to hit $43.77 a barrel, while the December Gold contract rose 0.23% or 3.15 to trade at $1370.55 a troy ounce.

USD/TWD was down 0.67% to 31.488, while TWD/CNY rose 0.10% to 0.2098.

The US Dollar Index was down 0.10% at 95.65.

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