Taiwan Stock Market Sees Selling Pressure with Fluctuations, TSMC Rises by 2 Points to Support Market, Closing at 23058 Points with a Rise of 26 Points

Reported 12 months ago

On July 1, 2024, the Taipei stock market opened with high volatility and closed higher by 26.32 points at 23058.57 points, a 0.11% increase, with a trading volume of 428.35 billion NT. Despite reaching above 23100 points in the morning, selling pressure during midday caused the gains to narrow. TSMC's late rally boosted the index with a 2-point increase, closing at 968 NT. Analysts note that despite stable fundamentals and market conditions, the previous rapid rise has become a downside risk, leading to profit-taking and temporary market rest.

Source: YAHOO

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