Reported about 1 year ago
In Taipei on June 29, 2024, at 4:10 PM, Taiwan stocks were affected last week by the fluctuation of the US stock AI leader NVIDIA's stock price, along with continuous foreign selling and a significant drop in the New Taiwan Dollar. The weighted index dropped to a low of 22,503 points. With the support near 22,500 points being crucial for Taiwan stocks, analysts suggest focusing on Smart (8176), Qiaoding (3057), Baiyan (3205), Xu Hui Yingcai (6698), and Bade (4563). As Taiwan stocks returned to 23,000 points on the 28th, short-term consolidation is expected between 22,500 and 23,500 points, recommending investors to buy low and sell high within this range. The selective stock sectors for this week include optical discs, shipbuilding, robots, panel equipment, and gallium arsenide, with a focus on companies like Smart, Qiaoding, Baiyan, Xu Hui Yingcai, and Bade showing positive potential for further growth.
Source: YAHOO