Reported about 1 year ago
On July 2nd, the Taiwan stock market showed weakness with a drop of over 100 points shortly after opening, hitting a low of 22,846.66 points, mainly due to tech, finance, and weighty stocks losing momentum. However, the decline stabilized with an attempt to hold the 23,000 point mark. Analysts attribute this to the market being relatively expensive, funds concentrated in a few stocks, and the difficulty in operations, advising investors to be patient. While U.S. tech giants like Microsoft and Apple reached new highs, Taiwan's market struggled to maintain stability amidst various factors impacting key stocks such as Hon Hai, TSMC, and MediaTek.
Source: YAHOO