Reported 9 months ago
Taiwan's stock market opened lower on June 27th due to the impact of the hawkish Federal Reserve. However, with buying support during the trading session, tech giant TSMC led the index to a final convergence of 80 points, closing at 22,905 points. The market is poised to close above the 'five lines' - the daily, weekly, monthly, quarterly, and semi-annual lines - with the expectation of returning to the 23,000 point mark. The second quarter saw a significant increase in the Taiwan stock market, setting the stage for a strong second half of the year. Despite challenges from the Fed and disappointing results from Nvidia and Micron shareholder meetings, the market showed resilience with support from institutional investors and local funds.
Source: YAHOO