Reported 8 months ago
On June 24, 2024, the Taiwan stock market plunged 439 points with TSMC, Foxconn, MediaTek, and Quanta Computer leading the decline. Despite concerns, analysts believe that excluding these four stocks, the overall market only dropped by a little over 100 points. The market dropped below the 23000-point mark, closing at 22813 points, marking the third-largest drop this year. Despite the heavy selling pressure, analysts suggest considering buying opportunities at lower prices, such as with TSMC below 1000 yuan, and highlight strategies by the Taiwan Stock Exchange to boost market competitiveness and aim to enter the top 10 global market caps.
Source: YAHOO