Taiwan Stock Market Surges with Hon Hai, Heavy Electronics, and Shipping Stocks Leading the Way, Breaking Through the 22,500 Point Mark to Set New Highs

Reported 7 months ago

On June 14, 2024, the Taiwan Stock Market closed with a 192.68 point gain, reaching a record high of 22,504.72 points, breaking through both intraday and closing highs. Companies like Hon Hai, Largan Precision, as well as heavy electronics and shipping stocks performed well during the day, contributing to the overall surge. The market saw a week-long rise of 646.34 points, with TSMC hitting a new high of NT$935 and Hon Hai continuing to hit record highs. Other tech stocks like Largan Precision also saw gains. Heavy electronics companies stole the show, with companies like Powerchip, UTF and Macronix rising significantly. Shipping stocks also rebounded after a 3-day decline. Overall, various sectors including industrial, food, machinery, cable, tourism stocks saw increases, with the electronics sector showing widespread gains.

Source: YAHOO

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