Reported about 1 year ago
Kang Ho Securities Investment Director Liao Ji-Hong mentioned on June 28, 2024, that the Taiwanese stock market surged by 8.77% in June, with the electronic weighted stocks leading the growth. Companies like TSMC, Hon Hai, MediaTek, Quanta, and Delta Electronics contributed significantly, with TSMC alone accounting for about 70% of the market's rise. Analysts are concerned about the concentration of market growth on a few tech giants, urging for a rotation towards large-cap value stocks for a more sustainable market. The article also discusses the overbought conditions and potential corrections in the market.
Source: YAHOO