Reported 12 months ago
Taiwan's stock market plunged by 200 points shortly after opening on July 2, breaking through the 23,000 and 22,900 points. Senior securities analyst Wang Zhaoli attributed the drop to three main reasons: foreign capital, June revenue, and fund chaos with a record-high margin balance surpassing 320 billion yuan. Wang suggests monitoring the 22,549-point monthly line for support. He predicts the weighted index will consolidate between the monthly line and the low point of 23,150 in the current big volume area. Investors are advised to wait for June's revenue results and proceed cautiously, particularly with sectors like the AI that are showing high P/E ratios.
Source: YAHOO