Reported 12 months ago
The Nasdaq index hitting a record high in the US boosted the performance of weighted stocks, leading to a surge of over 200 points in the Taiwan stock market on July 3, pushing it back above 23,000 points. FSC Chairman, Huang Tien-mu, mentioned during a legislative session that there are two major variables affecting the Taiwanese market now: interest rate policies and the upcoming year-end elections. While acknowledging the recent volatility in the market, he emphasized the importance of a sound market system and highlighted positive economic indicators supporting the stock market, such as Taiwan's growing GDP, stable economic conditions, and strong exports.
Source: YAHOO