Reported 8 months ago
Taiwan's stock market dropped below the 23000-point mark as TSMC led the decline, with heavyweight stock Hon Hai suffering losses too. The market plummeted by 439 points today, the largest drop in two months, closing at 22813 points and losing the 23000-point threshold. Cathay Financial's confidence survey revealed that nearly 50% of retail investors are bullish on the market. Looking ahead, Cathay Financial's Chief Investment Officer Cheng Shu-fen suggests monitoring foreign investors during holidays for buying on dips, emphasizing making profits wisely in investments. Despite concerns of overheating, retail investors remain confident, supporting the market's upward trend. The market is also watching the impact of the U.S. presidential election in November on Taiwan's economic performance.
Source: YAHOO