Reported 12 months ago
On July 3, 2024, the weight index soared by 293 points to close at 23,172 points due to the US Federal Reserve's dovish stance, with financial stocks such as Cathay Financial Holdings, Fubon Financial, Mega Financial, and KGI contributing 42 points to the index. The Taiwan Futures surged by 350 points to close at 23,185 points, turning to a positive basis of 12.57 points. Foreign investors saw an increase in net long positions, while the overall options chip neutrality was observed. Analysts note a cautious optimism in the market driven by positive US stock performance and rapid market rotations, with a focus on heavyweight tech stocks and MediaTek's ex-dividend situation on the following day.
Source: YAHOO