Taiwan stocks higher at close of trade; Taiwan Weighted up 1.13%

Taiwan's stocks traded higher at the close of trade on Monday, buoyed by gains across several sectors. The Taiwan Weighted Index surged 1.13% to record a three-month high. The Electronic Parts/Components, Glass, and Oil, Gas & Electricity sectors led the gains. TSEC Corp (TW:6443) was the top gainers, rising 10.00% to 28.05, while Sunko Ink Co Ltd (TW:1721) and HORNG SHIUE HOLDING Co Ltd (TW:2243) also posted gains of 10.00% and 9.98% respectively.

Conversely, WinWay Technology Co Ltd (TW:6515) led the decliners with a 9.95% drop to 5,795, followed by HonPrecision Inc (TW:7769) at 8.26% and AMAX Holding Co Ltd (TW:6933) at 7.16%. On the Taiwan Stock Exchange, advancing stocks outnumbered falling ones by a margin of 509 to 504, with 110 stocks ending unchanged. Crude oil prices for the November delivery saw a slight decrease of 1.51% to $94.63 per barrel, while Brent oil fell 1.37% to $102.45 a barrel.

Gold Futures for December also dipped 0.82% to $4,388.67 per troy ounce. The US Dollar strengthened slightly against the Taiwan Dollar, with USD/TWD rising 0.04% to 31.80. The TWD/CNY remained unchanged at 0.21. The US Dollar Index Futures saw a modest increase of 0.12% at 100.05.