Reported about 1 year ago
As the Taiwan stock market continues to challenge new highs, reaching 22,504 points, various sectors such as cooling systems, heavy electrical, construction, and shipping are seeing rotation of funds, with Taiwan Semiconductor Manufacturing Company (TSMC) no longer dominating the market alone. TSMC reached a market value of 24.2 trillion NT dollars with foreign and domestic investors both showing strong support. International tensions and rising shipping costs are impacting stock prices, while the heavy electrical sector, including key player Delta Electronics, is seeing a resurgence due to concerns of power shortages affecting chip supply chains. Analysts predict a potential market challenge ahead with the possibility of reaching 23,000 points this week.
Source: YAHOO