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Taiwan stocks higher at close of trade; Taiwan Weighted up 0.29%
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Taiwan stocks higher at close of trade; Taiwan Weighted up 0.29%

#Taiwan Stock Exchange #Taiwan Weighted Index #Unitech Printed Circuit Board #Chicony Power Technology #Optoelectronics #Gold Futures #Crude Oil

📌 Key Takeaways

  • The Taiwan Weighted Index closed 0.29% higher, fueled by the glass, plastics, and optoelectronics sectors.
  • Unitech Printed Circuit Board Corp hit an all-time high after a 9.98% daily gain.
  • Global markets faced pressure from Amazon's 9% premarket slide due to high capex forecasts.
  • Commodities like Crude oil and Gold saw gains, with Gold futures reaching over $4,900 per ounce.

📖 Full Retelling

The Taiwan Stock Exchange saw its benchmark Taiwan Weighted Index rise by 0.29% at the close of trade on Friday, June 2, 2026, driven by significant gains in the glass, plastic, and optoelectronic sectors. Investors displayed renewed confidence in local industrial and technology players despite broader global market volatility involving major U.S. tech firms and fluctuating commodity prices. This localized growth allowed the index to finish the session in positive territory, marking a resilient performance for the regional market. Individual stock performances were characterized by several standout rallies, most notably from Chicony Power Technology Co Ltd and Unitech Printed Circuit Board Corp, both of which surged roughly 10%. Unitech’s climb to 59.50 represented a new all-time high for the company, signaling robust demand in the electronics manufacturing supply chain. BenQ Materials Corp also participated in the rally, gaining nearly 10% as the optoelectronic sector provided a strong tailwind for the overall index. While the local market celebrated these gains, the global context remained complex as Amazon stocks dropped nearly 9% in premarket trading following concerns over capital expenditure guidance. Simultaneously, the energy and precious metals markets saw modest upticks, with Crude oil and Brent oil both rising over 1% and Gold futures climbing to $4,917.31 per troy ounce. In the currency markets, the New Taiwan Dollar strengthened slightly against the U.S. Dollar, as the USD/TWD pair edged down 0.11% to 31.65, reflecting a stable domestic economic environment amidst shifting International fiscal trends.

🏷️ Themes

Financial Markets, Asian Economy, Commodities

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Source

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