Reported over 1 year ago
Yahoo Finance on June 28th, 2024, highlighted key events in the Taiwan stock market from June 24th to June 28th. The U.S. Federal Reserve officials expressed caution around rate cuts amid evidence of controlled inflation. Businesses in the U.S. showed reduced equipment orders and increasing jobless claims, indicating a slowdown in the job market. Taiwan's heavyweight stocks performed well during the accounting period, with TSMC leading the market surge by over 60% in the first half of the year. Additionally, AI, green energy, and biotech stocks experienced significant growth. SEMI's semiconductor prediction report indicated an increase in DRAM capacity due to rising AI server demand. Furthermore, there were rumors of Apple establishing a data center in Taiwan, and the upcoming housing tax hike was mentioned. Green energy and biotech sectors saw notable increases, while AI and machine concept stocks also showed strength.
Source: YAHOO