Taiwan Stock Market Closes Higher
Listen to the story
Taiwan's stock market went up on Wednesday. The main index is called the Taiwan Weighted. It closed 0.31% higher than before.
A stock market is a place where people buy and sell parts of companies. These parts are called shares. When shares go up, this is good news for people who own them.
The Taiwan Weighted is the main index. An index shows how many companies are doing in the market. It helps people see if the market is going up or down.
This news came after some difficult days for stocks in Asia. A big drop in a U.S. semiconductor index caused problems for many Asian markets. Semiconductors are small parts used in computers and phones.
Because of this drop, Taiwan's stock market fell by 589 points on another day. It went below an important number, 45,000. This kind of big drop is called a selloff.
But on this day, the market moved up again. This shows that stock markets can change very fast. They can go down one day and up the next.
Vocabulary5 words
- stock market
- a place where people buy and sell parts of companies
- shares
- small parts of a company that people can own
- index
- a number that shows how a group of stocks is doing
- semiconductor
- a small part inside computers and phones
- selloff
- when many people sell stocks at the same time and prices fall
Quiz
Answer key
1. 0.31% 2. A drop in a semiconductor index 3. True
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Taiwan's stock market went up on Wednesday. The main index is called the Taiwan _____. It closed 0.31% _____ than before.
A stock market is a place where people buy and sell parts of _____. These parts are called _____.
The Taiwan Weighted is the main _____. It helps people see if the market is going up or _____.
A big drop in a U.S. _____ index caused problems for many Asian markets.
Taiwan's stock market fell by _____ points. It went below an important number, _____.