Reported about 1 year ago
Taiwan's stock market experienced a rollercoaster day as it surged over 500 points before closing slightly up by 21 points at 23900 points. TSMC's stock price increased by 5 points to 1040, a 0.48% rise, while Foxconn fell 0.44% to 225.5. During morning trading, the market experienced intense fluctuations, with the index dropping over 500 points from its peak, hitting a low of 23607 points. TSMC fluctuated around the flatline, dropping to 1025 before recovering to 1055. TSMC's ADR market cap briefly exceeded 1 trillion USD. Analysts attribute market volatility to caution among investors due to various factors including TSMC's upcoming earnings report and potential capex adjustments for 2025.
Source: YAHOO