Reported 9 months ago
On June 26, 2024, the Taiwan stock market experienced high-level volatility. Under the new president's one-month reign, funds vigorously defended the bull market, with green energy and biotech policies leading the charge. The index of listed environmental protection stocks surged by 4.38%, reaching a historical high, while biotech medical stocks also rose by 4.25%. The focus on policy stocks in green energy and biotech sectors has propelled the market forward, with various companies reaching new heights in stock prices. Despite recent tugging between bullish and bearish forces at high levels, strong support from local investors and financial institutions has helped Taiwan's stock market soar by 1,728 points. Green energy and biotech stocks have seen significant gains due to seasonal factors, AI-driven electricity demand, biotech advancements, and the resurgence of the COVID-19 pandemic, leading to a recent surge in performance and index levels.
Source: YAHOO