Taiwan stock market closed lower, but U.S. markets slightly up, oil futures higher

From Nasdaq: 2025-02-19 19:31:19

The Taiwan stock market ended lower on Wednesday after a two-day winning streak, with the index closing at 23,604.08. Mixed performances from financial and technology stocks contributed to the decline. Despite this, the U.S. markets closed slightly higher, with the Dow rising 0.16 percent, NASDAQ up 0.07 percent, and S&P 500 increasing by 0.24 percent. Oil futures also settled higher, reaching $72.25 a barrel. Concerns about supply outlook following a drone attack by Ukraine on a Russian pumping station contributed to the increase. In economic news, housing starts in January pulled back more than expected.

Later today, Taiwan will release January data for export orders and Q4 data for the current account. In December, export orders surged by 20.8 percent year-on-year, while the current account surplus in Q4 2024 was $27.48 billion. The global market forecast for Asian markets is uncertain due to interest rate outlook, with European markets down, U.S. markets slightly up, and Asian markets expected to split the difference.



Read more at Nasdaq: Taiwan Shares May See Mild Rebound On Thursday