Reported 8 months ago
On June 20, 2024, the Taiwan stock market hit a new high with the New Taiwan Dollar breaking free from recent consolidation, surpassing the 32.3 yuan mark as foreign capital flowed in. However, importers' currency buying narrowed the increase, closing at 32.328 yuan, up 3 points, with a total turnover of $1.7575 billion. Analysts suggest that the recent stagnant momentum of the New Taiwan Dollar was disrupted by the influx of foreign funds, providing bullish support for short-term breakthroughs. Watch out for US inflation data and escalating geopolitical risks for future market trends.
Source: YAHOO