Reported about 1 year ago
On July 4, 2024, TSMC closed at 1005 NT dollars, officially becoming a 'Thousand Gold' stock in the Taiwan Stock Market. Today's performance showed a strong increase, with a 350-point rise and closing at 23522 points, a 1.51% increase from the last trading day of 2023. The stock market has surged 5592 points, a 31.1% increase, in a little over half a year, surpassing other Asian markets. Experts attribute this to 8 main contributing stocks, with TSMC leading the way by holding the highest share of the market gain at 59%, followed by other companies in electronics, finance, and heavy electric industries. The market expert predicts further highs in the second half of the year, but warns investors of the risks involved given the current increase of over 30% this year. Recommendations for investments include AI supply chain companies and sectors benefiting from Taiwan's key position in the global component market.
Source: YAHOO