Reported 8 months ago
Following the Taiwan Stock Exchange's announcement to boost Taiwan's market value to 3 trillion US dollars, ranking it as the tenth largest market globally, Delta Electronics (2308) led the way on the 25th with a closing price of 387 yuan, pushing its market value above 1 trillion yuan and achieving a historical high in both stock price and market value. With Delta Electronics joining the trillion yuan club, Taiwan now has six trillion yuan stocks, following TSMC, Hon Hai, MediaTek, Quanta, and Fubon Electric. Delta Electronics, with various themes like AI, Apple, and power shortages, has products in high demand in the current market, propelling its market value to 1 trillion yuan. Among the six trillion yuan stocks, only Fubon Financial is a non-electronic stock, while the rest are tech giants, also known as the 'AA' stocks - focusing on AI and Apple. China Telecom ranks seventh in Taiwan's market value at 977.4 billion yuan, with the potential to challenge the trillion yuan mark. Eighth to tenth are respectively Cathay Financial at 887.5 billion yuan, CTBC Financial at 745.6 billion yuan, and ASE Technology at 742.3 billion yuan.
Source: YAHOO