Reported 12 months ago
On July 3, 2024, following a dovish stance from the Fed Chairman Powell in the US, the Taiwanese and American stock markets soared with foreign investors turning from selling to buying, injecting over 9.424 billion NTD. Leading the market were semiconductor and financial giants, helping the weighted index open high and close at new highs, gaining 293 points to reach 23,172 points. The trading volume hit 504.4 billion NTD, the highest in seven days. Positive policies towards the insurance industry boosted the futures market, with optimism for the index to challenge the previous peak of 23,406 points, supported by various favorable factors including a potential interest rate cut in September by the Fed and strong performance in the tech and financial sectors.
Source: YAHOO