Taiwan's stock market has fallen for four consecutive trading days, falling more than 410 points or 2.4 percent along the way. The Taiwan Stock Exchange is now just below the 17,520 plateau, although it will receive support on Monday.
The global forecast for Asian countries. markets It's murky as investors try to balance upbeat economic data with its implications for interest rates. European markets fell on Friday and US stocks rose slightly and Asian markets are expected to split the difference.
The TSE closed slightly lower on Friday following losses in plastic stocks, while financials, technology Stocks and cement companies were mixed.
During the day, the index fell 30.51 points or 0.17 percent to end at 17,519.14 after trading between 17,495.39 and 17,606.79.
Among assets, Cathay Financial added 0.34 percent, while Mega Financial raised 0.52 percent, CTBC Financial lost 0.18 percent, Fubon Financial lost 0.47 percent, E Sun Financial fell 0.19 percent, Taiwan Semiconductor Manufacturing Company lost 0.69 percent, Largan Precision fell 2.08 percent. Catcher Technology surged 1.55 percent, MediaTek sank 0.75 percent, Delta Electronics rose 0.16 percent, Novatek Microelectronics slid 1.01 percent, Formosa Plastics fell 0.26 percent , Nan Ya Plastics fell 0.30 percent, Asia Cement fell 0.12 percent, Taiwan Cement gained 0.44 percent and China. Steel, United Microelectronics Corporation, Hon Hai Precision and First Financial were unchanged.
Wall Street's lead offers little clarity, as the major averages saw considerable volatility on Friday before ending with slight gains.
The Dow Jones added 25.81 points or 0.07 percent to finish at 37,466.11, while the Nasdaq rose 13.77 points or 0.09 percent to close at 14,524.07 and the S&P 500 rose 8, 56 points or 0.18 percent to close at 4,697.24.
During the week, the major averages fell for the first time in 10 weeks as the Nasdaq fell 3.3 percent, the S&P 500 fell 1.5 percent and the Dow Jones fell 0.6 percent.
The volatility came as traders reacted to key U.S. economic data, including a closely watched Labor Department report that showed stronger-than-expected job growth in December.
While the data initially raised concerns about the outlook for interest rates, positive sentiment prevailed as traders digested details of the report, which also showed notable downward revisions to employment growth in October and November.
Crude oil showed a strong upward move on Friday, reflecting current fears of an escalation of the war between Israel and Hamas into a broader regional conflict. West Texas Intermediate for February delivery rose $1.62 or 2.2 percent to $73.81 a barrel.
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