Reported 12 months ago
On July 1, 2024, Taiwan's stock market saw a clear shift of funds into the over-the-counter market, with the OT counter index hitting a new high not seen in 24 years. While foreign investors reduced their positions in the central market, domestic institutional investors continued to buy, leading to a rise in biotech, construction, and solar energy stocks. The weighted index remained at the 23,000 points level, while small and medium stocks surged under short-term buying pressure, pushing the OT counter index to a new 24-year high. This shift towards small and medium stocks with thematic companies was attributed to geopolitical risks and foreign investors reallocating funds into the OT counter market.
Source: YAHOO