Reported about 1 year ago
On July 5, 2024, at 12:30 PM, TSMC reaching 1,000 NT dollars pushed Taiwan's stock market to surge, driven by the AI theme leading to the new wealth effect. According to the head of wealth management in Taiwan at UBS, Su Chia-hung, the rise of AI new wealth effect is propelled by investors profiting from AI investments, the emergence of a new wealthy class in the Taiwanese semiconductor industry, and the transformation of traditional electronics businesses. Major banks like Cathay Financial, CTBC, Fubon, and ESun, along with foreign banks including HSBC and Standard Chartered, are actively pursuing high-asset clients in response to this trend. The article analyzes the rapid creation of wealth in Taiwan in recent years due to the AI wave and the implications for the future wealth management market.
Source: YAHOO