Electrical Giant Leads AI Development, Stock Price Soars to 900 and Trading Volume Exceeds 14 Billion

Reported 8 months ago

On June 16, 2024, the Taiwan Stock Exchange closed at 22,504.72 points with a 0.86% increase, and a trading volume of 496.39 billion. Taiwan Semiconductor Manufacturing, the top trader, saw a surge in stock price to 922 NT dollars with a trading volume of 35 billion, leading the market in trading volume. The electrical sector showed strong performance with two stocks surpassing 13 billion in transactions, reflecting a revival in stock prices due to high demand in AI applications and government policies like the Strong Resilient Grid initiative. Electrical stocks like Huacheng Electric surged to 920 NT dollars while Zhongxing Electric also showed impressive gains, both exceeding 13 billion in trading volume.

Source: YAHOO

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