Mixed Performance: Taiwan Stock Market Hits New High but Over 1,000 Companies Decline

Reported 8 months ago

Taiwan's stock market reached a historic high on June 19, 2024, with a 452.11 point increase, closing at 23,209.54 points, a 1.99% rise, led by companies like TSMC, MediaTek, Quanta, and Foxconn contributing 460 points to the market. However, the over-the-counter index turned negative, with over 1,000 companies experiencing declines, including 5 companies hitting the limit down. While some stocks surged and 15 reached the limit up, not everyone followed the high trend, as 5 companies hit the limit down. The market was largely driven by tech stocks. Despite overall market growth, not all stocks participated, with declines seen in robot stocks and various industries like plastics, machinery, biotech, tourism, and digital technology experiencing losses.

Source: YAHOO

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