Reported 11 months ago
On June 25, 2024, the stock market saw a turbulent day with American tech stocks plummeting, leading to a decline in the Taiwanese stock market. Initially dropping over 300 points, the market saw a recovery towards the end of the day with TSMC closing 5 points higher, helping the weighted index to increase by 60.27 points and recover the 10-day moving average. Despite a total net foreign selling of 111.72 billion NT dollars, specific tech stocks like NVIDIA faced significant drops in market value, reflecting the broader trend in the tech sector. TSMC and Hon Hai Precision Industry Co., Ltd., however, managed to reverse the downward trend in late trading, leading to a convergence of the market towards the end of the day.
Source: YAHOO