Reported about 1 year ago
On July 8, 2024, the Taiwan stock market surged by 2,738 points, an increase of 13.5% in the second quarter due to better-than-expected corporate earnings. The market fundamentals continue to support the bullish trend, with expectations of facing high-standards market conditions in the second half of the year. Sector rotation is strengthening, emphasizing stock selection over market conditions. Various indicators suggest a positive outlook for the domestic economy, especially in AI-related sectors like production and machinery. The market outlook revolves around the upcoming electronic peak season, Apple's third quarter product launch, and the introduction of new AI products, favoring related concept stocks and supply chains. Overall, the focus is returning to fundamental stock selection, particularly in the electronic and AI server supply chains, as the demand for AI servers is increasing.
Source: YAHOO