Reported 12 months ago
On the early morning of July 2, Taiwan stock market plummeted over 200 points, breaking below the 23000 mark and losing dual support. Following a modest rise in the US stock market on Monday, where the three major indices closed higher, Taiwan's stock market opened low with a sharp drop of nearly a hundred points. Despite the initial plunge, the index gradually recovered, with major stocks like TSMC and MediaTek seeing declines before stabilizing. Foxconn, one of Taiwan's leading companies, announced an ex-dividend performance and saw its stock price initially rise by 2.5 points before settling. Observing various sectors, industries like plastics, textiles, oil, and departmental stores recorded losses, while cement, machinery, paper, and shipping saw minor gains. The tech sector witnessed mixed movements, with some subcategories showing spikes and others facing dips, with notable performances in areas like IT services. Financial stocks experienced a marginal rise, with experts predicting a recovery after the early dip, depending on factors like ex-dividend performances, market sentiment, and the influence of large-cap stocks. Overall, the market remains watchful of changing trends and influential developments, like TSMC's share buyback initiative and upbeat prospects in the semiconductor industry.
Source: YAHOO