Taiwan Stock Market Reaches New High with Tech and Financial Companies Leading the Way

Reported about 1 year ago

On July 5, 2024, the Taiwan stock market closed slightly up by 34.06 points, reaching a new high of 23556.59 points, with a 0.14% increase. Tech stocks like TSMC led the surge in the previous session, but today the market saw a consolidation period with the spotlight shifting to companies in the optoelectronics, telecommunications, electronics retailers, and financial services sectors. Over 25 tech stocks hit the daily limit up. The week closed with a significant increase of 524.34 points. TSMC's stock price remained steady around 1005 NT dollars after breaking the 1000 NT dollar mark. Other key companies like Foxconn also maintained their positions. Some tech stocks like MediaTek experienced declines, while other sectors such as glass saw an increase in stock prices.

Source: YAHOO

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