Reported about 1 year ago
Financial Center, June 12, 2024, 10:38 PM, stock market image. S&P 500 and Nasdaq hit record highs, with the Taiwan stock market surging over 300 points in the morning to a new high of 22440 points. Taiwan Semiconductor, a key player, distributed dividends today, leading to a jump in stock price, setting a new high of 935 yuan. By 10:30 AM, the index had consolidated to a 200-point increase. The US May Consumer Price Index (CPI) growth rate was lower than expected, and the Federal Reserve announced no change in interest rates, leading to gains in major US indices. Apple's entry into generative AI was well-received, fueling market growth. Taiwan Stock Market's strong performance was also supported by the return of major shipping companies following the Suez Canal incident. Despite more declines than advances in stocks yesterday, the scene is optimistic for positioning investments in solid mid-cap stocks post-May revenue announcements for favorable future outlooks.
Source: YAHOO