Taiwan stock market may consolidate following global trends, closed slightly higher Wednesday.

From Nasdaq: 2024-12-18 19:33:50

The Taiwan stock market has been fluctuating over the past five trading days, expected to consolidate soon due to global market trends. The TSE closed slightly higher on Wednesday, with technology and plastics companies leading gains but financial sectors lagging. Wall Street experienced a significant sell-off after the Federal Reserve announced a quarter-point interest rate cut and revised projections for fewer rate cuts next year. Crude oil prices rebounded on Wednesday after a drop in inventories. The de facto central bank in Taiwan is expected to maintain its lending rate at 2.00 percent.



Read more at Nasdaq: Taiwan Stock Market May Hand Back Wednesday’s Gains