Taiwan Stock Market Hits 24,000? TSMC Surges to a Record High of 1045 Yuan, Hon Hai Opens 'Fill and Rise Strategy' and Soars Over 5% at Opening

Reported about 1 year ago

FTNN News Network reported on July 7, 2024, that the Taiwan stock market index broke through the 23,900 mark today with the help of the two major weighted stocks. TSMC reached a new record high of 1045 yuan, up around 4%, while Hon Hai climbed to 224.5 yuan, reaching as high as 226 yuan at the opening, surging over half a daily limit, and successfully executing a 'fill and rise' strategy. Hon Hai announced a cash dividend of 5.4 yuan per share on the ex-dividend date, setting a new high since its listing, while announcing strong quarterly and monthly revenue growth. Investors cheered Hon Hai's rapid fill and rise achievement, reacting positively to the company's recent performance in the market.

Source: YAHOO

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