Taiwan Stock Market Broke Below 23,000 and Weekly Line, Analyst Zhang Jiahao: Correction Within 700 Points is Reasonable

Reported 8 months ago

On June 23, 2024, US stocks closed lower on Friday, with the Taiwan stock market dropping below 23,000 for the first time in 12 trading days, breaking the weekly line and falling more than 300 points. Analyst Zhang Jiahao of Guode Investment said that taking a breather to avoid overheating is reasonable, with a correction within 700 points. Companies undergoing year-end closing may be worth watching. Besides stocks like TSMC falling, there were resilient stocks like ASE Technology and Catcher Technology seeing gains. Factors affecting the stock market included a significant increase post-President's inauguration and upcoming financial reports. Technical analysis suggested opportunities for stock performance amidst market corrections.

Source: YAHOO

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