Reported 7 months ago
On June 11, 2024, Taipei's stock market surged over 160 points in the morning as TSMC's stock price climbed to NT$901, leading the weighted index to break through the 21,900-point mark. Despite a 1.46% drop in TSMC's ADR, the Taiwan market remained strong with tech stocks like Hon Hai, MediaTek, and Largan Precision rising. However, Shin Kong Financial (2888) faced a significant decline of over 3% after its former chairman was questioned by authorities, affecting the market sentiment for financial stocks including Fubon Financial and Cathay Financial. Overall, the market outlook remains positive with experts suggesting investors to observe the situation amid ongoing fluctuations.
Source: YAHOO