Taiwan stock market continues winning streak but overdue for consolidation

From Nasdaq: 2024-12-29 19:33:16

The Taiwan stock market extended its winning streak, gaining 3.2% in five sessions, closing above 23,275 points. Global markets show a mixed outlook, with tech stocks likely to drag down Asian markets. On Friday, the TSE edged higher, led by plastics, while financial and tech shares had mixed performances. The Dow, NASDAQ, and S&P 500 all closed lower on Friday. U.S. retail inventories rose 0.6% in November. Oil prices climbed on Friday due to falling U.S. crude inventories and ongoing Russia-Ukraine conflict. West Texas Intermediate Crude settled at $70.60 a barrel, up 1.4%.



Read more at Nasdaq: Taiwan Stock Market Overdue For Consolidation