Reported about 1 year ago
The TAIEX experienced a significant drop of 152 points to close at 23,253 points due to the volatility in the US stock market caused by the 'quadruple witching day.' Despite this, the market is expected to have the strongest June in history with year-end factors, shareholder meetings, and final sprints for underperforming stocks. However, concerns arose as China released strict laws against 'Taiwan independence,' leading to a drop in futures trading. Positive policies and upcoming events such as a press conference by TWSE chairman Lin Hsiu-Ming on the value of Taiwan's capital market are expected to boost TAIEX performance. External factors like the US stock market and Taiwan-China relations also play key roles in the short-term market corrections. TAIEX futures plummeted due to concerns about the new laws from China and the 'quadruple witching day' in the US stock market. Despite the short-term corrections, positive outlooks from company management during shareholder meetings, a focus on AI-related stocks, and upcoming events from tech giants like NVIDIA and TSMC provide opportunities for investors. Non-tech sectors like Taiwan's major companies also show potential for growth amidst a strong TAIEX and optimistic views on dividends and capital gains.
Source: YAHOO