Trading Strategies - AI Leading + Sector Rotation Boosts Taiwan Stocks to New Highs

Reported 8 months ago

On June 17, 2024, at 4:10 pm, with foreign buying interest returning and sectors like semiconductors, AI, and small-cap stocks taking turns to perform, the Taiwan stock index rose above 22,500 points. Factors affecting the market include the latest Fed interest rate decision and economic data from the U.S., with expectations of a rate cut leading to optimism in the financial markets. Strong performance in AI-related stocks, led by companies like NVIDIA and TSMC, continues to drive market momentum and sector rotation dynamics in Taiwan.

Source: YAHOO

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