Taiwan Stock Market Tipped To Open In The Red On Wednesday

Taiwan stocks fell for 2 of the last 3 trading days after the prior four-day rally that added nearly 1,800 points (~4%). The Taiwan Stock Exchange is hovering just above the 45,300-point level, suggesting near-term consolidation after the recent run-up. Further downside risk is implied unless momentum improves.

Analysis

Taiwan stocks fell for 2 of the last 3 trading days after the prior four-day rally that added nearly 1,800 points (~4%). The Taiwan Stock Exchange is hovering just above the 45,300-point level, suggesting near-term consolidation after the recent run-up. Further downside risk is implied unless momentum improves.