Reported 8 months ago
On June 20, 2024, financial stocks in Taipei rose by 0.5% following the market trend, marking a third consecutive day of gains with a total increase of 2.34% over three days, reaching a 34-year high. Leading the surge were stocks such as Cathay Financial Holding, Fubon Financial, Yuanta Financial Holding, SinoPac Financial Holdings, and Far Eastern International Bank. Analysts indicated that financial stocks, particularly those with significant weight in financial indices, have been boosting the overall performance, with positive prospects for the future. Among the top gainers on the day were Cathay Financial Holding, Fubon Financial, Yuanta Financial Holding, and Far Eastern International Bank, with gains over 1%. Additionally, securities companies and public banks are also anticipated to perform well in the current market conditions.
Source: YAHOO