Reported 11 months ago
On June 11, 2024, the Taiwan stock market surged and briefly reached 22,003.71 points, a new high, boosted by TSMC's strong performance while container shipping giants plunged due to plummeting contract prices, causing the market to retract near breakeven. TSMC held strong amidst the turmoil, but overall market fluctuated. US stock market influences and anticipation of the Fed's interest rate decision meeting also played a role. Several tech stocks hit their trading limits, but overall market saw a downturn as container giants sank.
Source: YAHOO