Reported 12 months ago
On July 2, 2024, the Taiwan stock market surged over 220 points back to 23000, with TSMC rising by $14 to 976. AI-related stocks showed strong performance, including UMC rising $0.2 to 52.9, MediaTek rising $10 to 1420, Foxconn rising $3 to 207, and more. The ongoing crisis in the shipping industry boosted container demand, leading to a rise in container shipping stocks like Wan Hai, Evergreen, and Yang Ming. Analysts anticipate continued growth in the AI sector in the Taiwanese market, advising investors to focus on semiconductor supply chains, AI-related industries, Apple's new product upgrades, satellite communications, and more.
Source: YAHOO