Reported about 1 year ago
On July 4, 2024, led by TSMC, the Taiwan stock market hit a record high with the index reaching 23,571 points during the day and closing at 23,522 points, up by 350 points. AI and Apple-concept stocks dominated the market, along with green energy and electrification stocks benefiting as the demand for electricity increases in the summer heat. With TSMC surpassing the 1,000 yuan mark and the stock market setting five records, experts predict that the market is poised to challenge the 24,000 mark. Investment strategies focus on AI supply chains and sectors related to TSMC, advanced packaging, robotics, memory, green energy, and energy storage, as well as key industries like semiconductors, AI, and defense. Experts anticipate a strong third quarter for the electronics industry, with TSMC expanding production capacity and positive market conditions supporting potential gains towards the year-end profit target of 3.5 trillion, a 20% increase from the previous year.
Source: YAHOO