Reported 8 months ago
Market analysis by Zheng Shih-Huai, Associate Manager of China Trust Securities Investment Advisory, on June 16, 2024, 4:10 PM: With important US inflation indicators CPI and PPI lower than expected and no hawkish statements from the FOMC, coupled with positive earnings from tech stocks like NVIDIA, Apple, and Broadcom, the US stock market hit record highs supported by the semiconductor sector. Similarly, Taiwan stocks achieved historical highs driven by market leaders like TSMC, Foxconn, MediaTek, and financial stocks. Growing demand for electronic components driven by AI servers in the second half of the year leads to price hikes and shortages, particularly in high-end power management ICs, passive components, and connectors, indicating optimistic demand in the semiconductor and electronic components sector for the latter half of the year.
Source: YAHOO