Reported 9 months ago
On June 26, 2024, Taiwan stocks retracted by 200 points following the uneventful NVIDIA shareholders' meeting, with TSMC showing a minor decline. Analyst Fan Zhenhong from Huaguan Investment Advisory believes that as long as the index does not break below the intraday low of 22503 points on June 25, the market remains biased towards oscillating in the upward direction. The market is expected to fluctuate around 200 points, with a watchful eye on potential stronger moves with a significant volume increase of over 510 billion yuan. Investors are advised to cautiously observe stock performance, especially in sectors like biotechnology and energy, as indicated by recent market trends.
Source: YAHOO