Reported 8 months ago
Benefiting from the strength of large weighted stocks leading the market to new highs, local capital entered the market, particularly focusing on small and medium-sized stocks given their low base period advantage and the AI effect spurring opportunities for second and third-tier companies. As the market watchfully waits for buying interest to return after TSMC stabilized the index above 22,000 points, the attention shifts to mid- and small-cap tech stocks, whereas Apple's introduction of Apple Intelligence is expected to boost iPhone sales and positively impact related mid-cap stocks with low base periods. As smaller stocks follow the uptrend, a rotational pattern with weighted stocks emerged, driving the index to a new high. Local funds are notably engaged, suggesting a favorable investment environment for selected stocks.
Source: YAHOO