Reported 8 months ago
The high-priced stock comparison effect resurges in Taiwan's stock market as TSMC (2330) surged by 22 points on June 18, pushing the market to break its historical high point. The market moved closer to the 23,000 milestone, with TSMC competing in price comparisons with another high-value stock, Walsin Tech (1519). The concept stocks of TSMC also saw a surge, boosting the market to reach 19,000 points. With over 444 stocks priced at over 100 NT dollars and 6 stocks priced between 99 NT dollars and 100 NT dollars, the market is poised to break the 450-stock milestone. Foreign reports have raised TSMC's target price to 1,150 NT dollars, while Walsin Tech's target price was lifted to 1,000 NT dollars. Analysts believe that with TSMC leading the charge, the index may surpass 23,000 with the probability of more high-value stocks joining the market's elite club.
Source: YAHOO