Stocks Tumble as Robot Concept Stocks Plummet after Hitting Limit Down Right After Trading Halt; Solomon, Kunyin also Slump

Reported 10 months ago

On June 19, 2024, Taiwan's stock market surged by 452.11 points, closing at 23209.54 points with a 1.99% increase. However, multiple robot concept stocks experienced significant declines, with Roosen (8374) being hit the hardest, tumbling right after opening and hitting the limit down shortly after trading resumed. This decline also affected other robot concept stocks like Solomon (2359) and Kunyin (2365), among others. Roosen had been on a steep upward trend since May 22, but the excessive surge led to trading halts and manual matching by the exchange. Foreign investors poured 48.5 billion New Taiwan dollars into the market, with ETFs dominating the purchases.

Source: YAHOO

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