Reported about 1 year ago
On July 4, 2024, financial stocks in Taiwan rose by over 4%, with an increase of 0.08%, reaching a new high not seen since April 12, 1990, continuing its five-day winning streak. Despite an initial surge and subsequent fluctuation, the index closed with a modest gain of 1.78 points at 2,081.73 points. Analysts noted the recent strong performance of financial stocks and see the brief correction as a positive sign for further upward movement. Individual stocks experienced balanced increases and decreases, with no specific group dominating the gains. Institutional investors were particularly interested in banking and insurance stocks due to factors like active stock markets and Fed rate cuts. They suggested focusing on dividend-yielding insurance stocks and maintaining a positive outlook on banking and securities firms.
Source: YAHOO