Reported 8 months ago
Taiwan stock market opened on June 20th with slight fluctuations and a minor dip of 20 points. With foreign funds pouring in on the 19th, major weighted stocks like TSMC, Hon Hai, and MediaTek hit new highs, leading to a rapid surge that corrected slightly on the 20th. TSMC experienced a slight drop of 10 points to reach 971 at the opening. Various AI-related stocks showed mixed movements, with companies like UMC and MediaTek seeing drops while Hon Hai continued its upward trend. TSMC, nearly reaching the trillion-dollar mark, holds significant AI chip orders and boasts full production capacity. With a price increase from 593 to 981, up 65% since the end of last year, its market cap exceeded 25 trillion NT dollars. New Kin Investment Trust stated that besides TSMC, other major weighted stocks surged as well, indicating a strong bullish trend. NVIDIA recently became the world's most valuable company on the 18th, benefiting AI trends and key players such as TSMC, Hon Hai, and MediaTek. The outlook remains positive for the performance of TSMC's semiconductor supply chain in the future, with substantial growth potential in the medium to long term.
Source: YAHOO