Reported 8 months ago
As the summer solstice passed at the end of June, Taiwan's stock market experienced its strongest June yet, with a nearly 10% increase in the index, firmly holding above the 23,000-point mark. Experts predict the bullish momentum will continue with end-of-quarter accounting and shareholder meeting events this week, potentially leading to further index growth. Taiwan Semiconductor Manufacturing Co. (TSMC) plays a pivotal role in the market, with its stock hitting record highs and contributing significantly to the market. TSMC's strong performance in the second quarter, driven by demands in advanced chip technologies, is expected to lead to significant revenue growth. Additionally, the article highlights NVIDIA's (NVIDIA) market value surpassing that of Microsoft and Apple, becoming the largest global enterprise after a stock split. The tech sector's attention is also directed towards NVIDIA as its weight in the ETF Technology Select Sector SPDR Fund is set to increase, potentially bringing in over $10 billion in funds. Analysts are optimistic about TSMC's overseas expansion, CoWoS supply shortage, and other related sectors. Hon Hai Precision Industry Co. (Foxconn) also experienced stock price growth, alongside its subsidiaries New Han, Kin Yat, and companies in the PCB sector, receiving positive attention from analysts.
Source: YAHOO