Reported over 1 year ago
On June 18, 2024, the Taiwan stock market surged by 260.9 points or 1.15%, with financial stocks leading the gains at 1.32% higher than the overall market. Various financial institutions saw notable increases, including Cathay Financial Holdings, Uni-President Securities, Yuanta Financial Holding, Shin Kong Financial Holding, and Cathay Financial Holding. The financial sector's strong performance is attributed to factors such as mergers and acquisitions and high dividend yields, with expectations for continued growth due to ongoing investor interest. Analyses suggest that banking and securities industries are likely to see continued profits and strength, especially amid favorable market conditions and expectations for a positive outlook in the Taiwan stock market and financial sector.
Source: YAHOO