Reported 7 months ago
On June 13, 2024, Taiwan stocks hit a new high with TSMC stock rising to NT$935 per share during trading, pushing the index to 22440 points, closing at 22312 points, also a new high, with a trading volume of NT$517.8 billion. Analysts remain bullish on the market due to solid AI trends despite short-term effects from a potential rate cut by the Fed. Investment managers suggest focusing on Taiwan's strength in the NVIDIA supply chain and potential growth in the market, yet caution investors to watch out for geopolitical factors, the US presidential election, and the Fed's rate stance.
Source: YAHOO