Reported 11 months ago
On June 25, 2024, Taiwan Institute of Economic Research announced the results of the May economic trends survey, indicating promising performance in advanced AI servers but signaling a slump in industries like manufacturing due to China's ongoing inventory adjustments. The institute forecasts economic growth exceeding 3% domestically, although both consumers and companies are feeling cost pressures amid inflation. Taiwan's monetary policy may see adjustments in the second half of the year, influenced by factors like prices and the Taiwan-US interest rate differential. Observing the stock market on the 25th, despite an initial sharp decline, it rebounded by 62 points, closing at 22,875 points. Experts warn of profit-taking pressure amid Taiwan's rapid stock market rise, with potential impacts from the upcoming US presidential debate to be monitored closely.
Source: YAHOO