Reported 7 months ago
Taiwan's stock market continues to hit new highs, with notable capital flowing into summer-related concept stocks. By mid-June, the index surged by 4,573 points, a 25.51% increase, driven by AI and semiconductor stocks. However, investments are now shifting towards companies related to the summer season, with strong performers such as gaming company G.C., airline company China Airlines (CAL), and electronics manufacturer Avektac, among others, receiving significant attention from foreign investors this week. Analysts suggest that as the summer season progresses, stocks related to power shortages, water resources, and summer holidays are likely to see increased market interest, directly influenced by peak season revenues and profit growth. Selection of stocks, though, should still come back to fundamental analysis.
Source: YAHOO