Taiwan Stock Market May Spin Its Wheels On Tuesday

From Nasdaq.: 2024-05-13 20:30:39

The Taiwan stock market has shown slight gains over the past two sessions, reaching just above the 20,850-point mark. However, market activity may slow down on Tuesday as global forecasts suggest little movement. On Monday, the TSE saw a 0.72 percent increase with technology stocks performing well and financials and other sectors experiencing mixed results. Key inflation data later in the week could impact market outlook and buying interest. Oil prices rose on Monday following OPEC’s decision to extend supply cuts into the second half of the year, with WTI crude oil futures closing at $79.12 a barrel.



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