Shipping Stocks Lead to a Surge in Taiwan Stock Market

Reported 12 months ago

On July 2, 2024, due to hopes of a rate cut by the Federal Reserve, the four major US indices rose together on Tuesday, boosting the Taiwan stock market with an opening of 23,009.82 points, up 130.45 points, crossing the 23,000 mark. The index continued to rise, surging over 230 points to reach 23,110.98 points, with the top three weighted stocks all rising. Shipping stocks such as Ruentex, Wisdom, and Losheng all hit the daily limit up. Various sectors performed well in the morning, with more than 10 stocks hitting the daily limit up. Shipping stocks Ruentex, Wisdom, and Losheng surged, among others.

Source: YAHOO

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