Taiwan stocks lower at close of trade; Taiwan Weighted down 1.55%

On Wednesday, Taiwan stocks closed lower, with the Taiwan Weighted down by 1.55%. The decline was primarily driven by losses in the Electronic Parts/Components and Other Electronic sectors. Despite the overall dip, some stocks managed to outperform their peers. Polytronics Technology Corp rose by 9.96% to reach 85.00, while Jih Lin Technology Co Ltd and Wieson Technologies Co Ltd each gained 9.94%, ending at 89.60 and 27.65, respectively.

Conversely, Fositek Corp experienced the biggest loss of the day, falling by 7.66% to trade at 2,110.00, while Delta Electronics Inc and HORNG SHIUE HOLDING Co Ltd both declined by 7.24% and 7.14%, respectively, closing at 1,730.00 and 42.90. Falling stocks outnumbered advancing ones on the Taiwan Stock Exchange, with 586 stocks falling compared to 406 that rose, and 130 remaining unchanged.

Crude oil for October delivery saw a modest increase of 0.55%, while Brent oil for December delivery rose by 4.34%. The December Gold Futures contract, on the other hand, fell by 0.64%. The US Dollar Index Futures saw a slight increase of 0.05%.