Taiwan stocks lower at close of trade; Taiwan Weighted down 3.28%
Taiwan stocks closed lower on Thursday, with the Taiwan Weighted down 3.28% to a three-month low. The decline was driven by losses in the Glass, Oil, Gas & Electricity sectors, which pulled the market down. Among the top gainers, Bonny Worldwide Ltd surged 10.00% to 96.80, while SciVision Biotech Inc and Caliway Biopharmaceuticals Co Ltd each rose 9.97% and 9.90% respectively.
Conversely, Nan Ya Printed Circuit Board Corp, Jentech Precision Industrial Co Ltd, and Pan-International Industrial Corp all fell 10.00% each. The number of stocks declining far outweighed those gaining, with 881 stocks down compared to 172 advancing, and 73 ending unchanged. Crude oil prices fell slightly, with December delivery down 0.91% to $87.32 per barrel and January Brent oil down 0.35% to $94.29.
Gold Futures rose 1.23% to $4,123.30 per troy ounce. The US Dollar Index decreased by 0.29% at 101.13, and USD/TWD strengthened to 33.04 while TWD/CNY remained unchanged at 0.20.
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