Reported 11 months ago
Conducting a market analysis on June 25, 2024, at 4:10 pm, Liao Jihong, the Investment Director of Kang Ho Securities, pointed out the continued high performance of leading AI electronic weighted stocks such as TSMC, Foxconn, MediaTek, Quanta, and Delta Electronics in Taiwan's stock market. Despite a slight slowdown in the US technology index last week, with foreign investors heavily buying, Taiwan stocks saw a three-week continuous increase with a new high point of 23,406. The market's strength is evident with various indicators reaching high levels, indicating a strong trend. However, Liao mentioned the possibility of a short-term correction due to overbought conditions, despite the overall bullish trend.
Source: YAHOO