Reported 7 months ago
In response to the US inflation slowing and the Fed maintaining interest rates, the Taiwan Stock Exchange surged 300 points this morning, reaching a new high of 22,361 points. Inspired Investment's Vice President Li Yongnian mentioned that various sectors rose uniformly, estimating a daily trading volume of around 510 billion, signaling a bullish market. The key factor going forward is whether TSMC (2330) can continue to rise after going ex-dividend. Li warned to be cautious if the daily average trading volume surpasses 600 billion, as it may indicate overheating. Li attributed the morning surge to the strong performance of TSMC, Hon Hai, MediaTek, and other heavyweight stocks.
Source: YAHOO