Reported about 1 year ago
On June 11th, the Taiwan stock market hit a new high of 22,003 points led by TSMC and financial stocks, but pressures from the shipping industry giants caused a downturn. Despite reaching the milestone, the index closed lower at 21,792 points due to market caution over the US CPI and FOMC meeting. TSMC announced dividend distribution, attracting investors, and major financial stocks saw profits, pushing the market to reach new highs. However, news of a potential ceasefire in the Red Sea crisis led to a drop in shipping stocks and a black turn in the index, closing 66 points lower at 21,792. Foreign and domestic investors were cautious due to uncertainties in the global market, affecting trade on the day.
Source: YAHOO