Reported 8 months ago
On June 19, 2024, the Taiwan Stock Exchange hit a new high with NVIDIA's rise to the global market leader in market value inspiring the surge. President Tsai described Taiwan as the key to the next generation's tech development during her one-month inauguration press conference, boosting the stock market. Following Tsai Ing-wen's announcement of significant new policies, including Taiwan Semiconductor Manufacturing Co. continuing to climb, the stock market surged. TSMC's stock reached new highs, crossing the market value of 25.18 trillion NT dollars. Foreign investors poured in 48.5 billion NT, pushing TSMC to close at 981 NT dollars, leading the market to a new record. TSMC's success led major stocks like Hon Hai Precision Industry Co., MediaTek Inc., and IC stocks to rise in sync, driving Taiwan Stocks to an all-time high.
Source: YAHOO