Reported about 1 year ago
Taiwan's stock market surged in May, reaching over 22,000 points, with the securities industry seeing a profit increase of 83.2 billion NT dollars compared to the previous month, marking the third highest this year. The Taiwan Stock Exchange reported a total profit of 416.3 billion NT dollars for all brokerage firms in the first five months of the year, showing a 62.7% year-on-year increase. Factors contributing to this growth include positive market sentiments following the Federal Reserve Chairman Powell's assurance on future interest rates and strong corporate performance.
Source: YAHOO