Reported about 1 year ago
On June 13, Taiwan's stock market continued its bullish trend with TSMC reaching a new high of 935 NT dollars and UMC hitting a record high of 1,400 NT dollars. The market rallied due to the 'Three Rollover Trend' stimulating the acceleration towards 23,000 points this quarter. With the total market value approaching nearly 89 trillion NT dollars, the bullish momentum is driven by factors such as rising export orders, improved evaluations for TSMC, a robust AI supply chain, and the upcoming electronics peak season. Market experts foresee the stock market's upward trend continuing into July, aiming to reach between 22,800 and 23,000 points.
Source: YAHOO