Reported 7 months ago
The stock market in Taiwan hit a new high with high-priced stocks igniting the market. As of June 13, 2024, there were 39 stocks priced above 500 yuan, with 32 ending in gains. The number of stocks priced over 100 yuan reached 433, showing a significant 23% increase from the previous year. The competition for the top spot among high-priced stocks intensified with reshuffles in rankings, particularly with certain industrials like Weikeng poised to join the thousand-yuan club. Analysts foresee favorable performance in the high-priced stock sector due to the AI trend, advising investors to strategically invest in related ETFs. However, evaluation on some industries in the Taiwanese stock market is high, calling for a focus on specific sectors like semiconductors and cautious adjustments in areas with higher P/E ratios while awaiting the revival of general server demand. Market observations around factors such as increased electricity prices and the ongoing impact of US-China tech bans on supply chain demand remain crucial for future strategy planning.
Source: YAHOO