Reported 8 months ago
Taiwan's stock market hit a new high with the index reaching up to 22,787 points during the day and closing at 22,757 points, while TSMC saw a significant increase of 22 Taiwan dollars to close at 943 Taiwan dollars, setting a new high. Analysts are optimistic about the market with expectations of a further 1,000 points increase, especially with TSMC likely to reach 1,000 Taiwan dollars soon. However, there are concerns about geopolitical risks affecting market performance. The market opened with a surge of 291 points, led by semiconductor and electronics stocks like Ky, and Kuny, with some stocks hitting the limit-up within minutes of trading. Despite the bright performance, some investors are cautious about entering the market in the short term, pointing out the need to monitor risks like geopolitical issues and high P/E ratio stocks.
Source: YAHOO