Reported 10 months ago
On June 11, 2024, the US stock market including the S&P and Nasdaq closed higher, with TSMC ADR leading to a significant rise in the Taipei stock market. TSMC continued to support the market, pushing it to a new high of 22,003 points. Analysts believe that despite the focus on FED's interest rate decision this week, if Chairman Powell maintains a dovish stance, the impact on the stock market will be limited. Furthermore, the Apple Worldwide Developers Conference announced the integration of the Apple Intelligence platform into new operating systems for iPhone, iPad, and Mac, emphasizing AI's focus on app integration and security and privacy. Industry analysts expect this to benefit the relevant Taiwanese supply chain companies post-event.
Source: YAHOO