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Thursday, August 20, 2015
Oil prices fell in Asia Wednesday, giving up meager gains in the previous session as investors await a U.S. inventory report to gauge demand in the world's top economy.
Wednesday, August 19, 2015
Shares below 8,200 points as financials trend lower
Shares in Taiwan close below the 8,200 point mark Tuesday as the financial sector led the downturn of the broader market amid weak sentiment toward domestic economic growth, dealers said.
Oil prices slipped further in Asia Tuesday, weighed down by a strengthening dollar as concerns about weakening demand in mainland China added to expectations a global oversupply will last for years.
The U.S. dollar broadly rose Tuesday as strong housing data bolstered hopes for a U.S. interest rate hike, while the Thai baht slumped to a fresh six-year low after a deadly Bangkok bombing.
Tuesday, August 18, 2015
Taiwan shares drop to a 21-month low of 8213.42
Taiwan shares closed down 92.22 points at 8,213.42 on Monday, a record low in 21 months, after news of a much lower GDP growth forecast broke last Friday.
Oil prices resumed their decline in Asia Monday as a global glut of crude supplies showed no signs of abating in the face of sluggish demand, analysts said.
The U.S. dollar rose against the euro and yen on Monday as upbeat U.S. data kept hopes for an interest rate rise as early as next month.
Monday, August 17, 2015
Morgan Stanley said that reduced demand from developed and emerging markets has triggered a cut in its global smartphone growth estimates for this year and next.
Saturday, August 15, 2015
Taiwan's weighting in the two indexes provided by MSCI Inc. have been cut after the global index provider's quarterly index review, but market analysts said that the changes are minor and unlikely to have much impact on the local equity market as a whole.
Global stock markets drifted Friday as mainland China's currency stabilized for a second day, easing uncertainty about its direction after an unexpected devaluation earlier in the week.
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