At 9.25am the stock market was at 10,968.5, compared to 10,973.7 first thing in the morning.

It initially slumped by ten points to 10,963.3 at 9.05am.

It had been widely tipped to open in the red.

However, a swift recovery was made, with the market rising to 10,986.9 by 9.20am.

This represented a rise of 13 points compared to the beginning of the year, and 23 points compared to the 9.05am slump.

This decline came after two days of strong performance, with the market increasing by 150 points.

The Taiwan Stock Market had however suffered small losses towards the end of Wednesday.

Losses from financial and cement stocks were offset by a strong performance by technology shares.

On March 27 it was at 10,986 just eight points higher than its current figure.

However, this hides significant variation over the period.

For the past six months the Taiwan Stock Market peaked in value on June 7, at 11,251.7.

The low point was over a month earlier, on April 26, when it slumped to 10,488.5.

However, over the past five years the Taiwan Stock Market has made dramatic gains.

In September 2013 it was valued at 8,230.6, over two thousand points lower than it’s current position.

According to a survey from Cathay Financial Holdings Co. Taiwan currently has an economic optimism index of minus 29.5.

This is up from the figure of 29.7 from a similar poll done in August.

Daily Express :: City and Business Feed

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