Reported 7 months ago
Taiwan's stock market opened down by 1 point today after hitting a high, but later rose by over 50 points, briefly reaching 22366 points, still below yesterday's high of over 22400 points. Huang Wenqing, deputy general manager of Tai Shin Securities Research Department, advises caution against overheating AI short-term, suggesting that 'taking profits off the table' might be wise. The market today focused on electronics and AI, as well as industrial stocks, particularly in the electrical machinery sector. Analyst Huang emphasized that while the market looks strong, caution is advised in monitoring signs of weakening in the short term and considering profit-taking strategies, especially in popular AI stocks with volatile movements.
Source: YAHOO