Reported about 1 year ago
Taipei, July 1, 2024 - The Taiwan Stock Market rose by 0.11% on July 1, with the financial stock index increasing by 0.35%, outperforming the overall market. Leading the gains were multiple banking and financial institutions such as Cathay Financial Holdings, Fubon Financial Holding, and Taiwan Shin Kong Security Co., with some stocks reaching new highs. Analysts predict a positive outlook for the financial sector in the second half of the year, with potential factors including the U.S. election results, Federal Reserve's interest rate decisions, and the impacts of AI technology trends on the economy.
Source: YAHOO