Reported 8 months ago
Following a record high on the 19th, TAIEX surged again on the 20th, hitting a peak of 23,294.47 points before trading in a cautious manner. Major weighted stocks like MediaTek and TSMC consolidated, with TSMC hovering around 973 NT dollars. The recent bullish trend in TAIEX was attributed to the AI industry, with financial index, TSMC, and MediaTek hitting all-time highs. Investment advisers and analysts remain optimistic about TAIEX's upward trajectory, with some forecasting a target of 25,000 points, driven by the AI sector. TAIEX is expected to maintain high volatility and sector rotation in the near future.
Source: YAHOO