Reported about 1 year ago
On June 12, 2024, following Huidawei CEO Huang Renxun's global AI investment push, Apple's announcement of its AI project during the WWDC led to a more than 7% surge in stock prices, propelling TSMC, Hon Hai, and Largan Precision supply chain stocks to rise together. TSMC soared by 31 yuan to reach a high of 914 yuan, driving Taiex to a new high and closing at 22048.96 points with a spike of 256.84 points. Despite a 1.46% decline in TSMC's ADR in U.S. markets, the stock price performed strongly today, climbing to a high of 900 yuan and closing at 909 yuan due to Apple's stock surge. Amidst Federal Reserve rate decisions and CPI announcements, the market was cautious, with the Dow Jones falling by 120.62 points, while the Nasdaq rose to a new high at 17343.55 points. Tech stocks like Hon Hai, MediaTek, and Largan Precision benefited from Apple's WWDC AI announcement, driving market uplift. Financial stocks were more conservative, with Shin Kong Financial (2888) being affected by former chairman Wu Dongjin's investigation, leading to over a 3% decline. Overall, the market remains stable, showing bullish trends, and investors are advised to remain cautious amidst the current environment.
Source: YAHOO