Reported 8 months ago
On June 19, 2024, the Taiwan stock market surged with the encouragement of the US stock market's rise and the strong performance of AI leader, NVIDIA. Taiwan Semiconductor, MediaTek, and other AI-related stocks surged, with the market hitting a new high at 23209.54 points, a 452.11-point increase. This was driven by increased likelihood of Fed rate cuts due to slowing consumer spending in the US. Overall, the market saw significant gains, with Taiwan Semiconductor leading the way with a 4.03% increase to 981 NTD.
Source: YAHOO