Reported 10 months ago
Due to a drop in the four major US stock indices last Friday after reaching new highs and a downturn in European stocks, the Taiwan stock market opened for trading on Monday, June 17th with a decrease of 36.61 points, opening at 22468 points. However, it quickly surged back up thirty minutes later, reaching a high of 22555.89 points around 10 am, fluctuating up and down. Analyzing the situation, analysts believe that the recent focus on AI-related and Apple concept stocks in the Taiwan stock market has now come to an end. The attention has shifted towards Federal Reserve officials releasing statements on the economy and possible interest rate cuts. Even though the Taiwan stock market still shows a bullish trend, some investors may opt to sell after recent gains. Major US indices like the Dow Jones Industrial Average, Nasdaq, S&P 500, and Philadelphia Semiconductor Index all experienced fluctuations at the end of last week, with Nasdaq hitting a new closing high for the 5th consecutive day.
Source: YAHOO