Taiwan Stock Market Approaches 22,000 Points with Analyst Weng Weijie Warning of Disappointment Following Apple's WWDC

Reported about 1 year ago

On the first trading day after the Dragon Boat Festival holiday, Taiwan's stock market briefly reached 21,990 points, close to the 22,000 mark. Analyst Weng Weijie mentioned that the market was influenced by U.S. stocks this morning, with TSMC leading the gains but other stocks facing fund outflows due to Apple's WWDC. Expectations for a rush of AI PC upgrades might be in vain post the conference, leading to uncertainty in the market. Overall, while TSMC remains strong, there are concerns about the lack of excitement in consumer electronics stocks, contributing to a chaotic electronic market structure.

Source: YAHOO

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