Reported 8 months ago
Taiwan's stock market continued its sharp decline for three consecutive days, dropping nearly 900 points, with the market value evaporating by 2.8 trillion yuan. Analyst Weng Weijie pointed out that this decline was mainly due to NVIDIA’s consecutive decrease and the leading decline of TSMC ADR. The bearish trend has now emerged, with the short-term gap of around 22,820 points needing to be quickly filled to have a chance of turning strong again, otherwise a retest near the 22,165 monthly average line is likely. It's advised to keep an eye on TSMC, Hon Hai, and MediaTek for market stability.
Source: YAHOO