Reported 11 months ago
Recent actions by the Chinese People’s Liberation Army, such as launching rockets over Taiwan's air defense identification zone and encircling Taiwan from three or four sides, have led to a surge in military stocks. Stocks like Longship (6753) surged 9%, Leohoo (8033) rose 5%, and Han-Siang (2634) also turned green. Over 10 stocks showed gains against the market trend. Analysts suggest that these fluctuations are short-term reactions with a focus on political tensions between China and Taiwan, potentially sparked by the upcoming 20th Central Committee meeting of the Communist Party of China in July.
Source: YAHOO