Reported 8 months ago
On June 19, 2024, the Taiwan Stock Market surged to a new high of 23275 points, led by TSMC's historic peak of 984NTD. Various entities like foreign investors, mutual funds, and proprietary traders contributed to the bullish trend. Technology funds have shown remarkable performance, with leading funds like Cathay Innovation Technology Fund rising by 7.52%. Analysts foresee continued positive momentum driven by the flourishing tech industry, suggesting investing in technology funds for positioning. ETFs like Hsin Taishin Semiconductor 30 also achieved record highs, reflecting the strong performance of tech stocks, particularly in AI and semiconductor sectors. Analysts recommend strategic investments in semiconductor-related stocks and ETFs for long-term gains amidst the current market dynamics.
Source: YAHOO