Reported 9 months ago
On June 26, 2024, the stock market saw TSMC leading a rebound, with the Taiwan Stock Market opening high and fluctuating. While initially surging by 198 points, the momentum tapered off during the day, and with TSMC leading the way, the market closed up by 110.72 points at 22,986.69 points, just missing the 23,000 point mark. AI chip giant NVIDIA rose over 6% after days of selling pressure, and TSMC's strong performance uplifted the market. Other stocks like Hon Hai and MediaTek also had varied performances. Market focus also turned towards energy storage-related concept stocks, as well as strong showings in the biotech sector. Analysts noted signs of short-term stabilization in the market and advised monitoring the strength of multiple factors to predict whether the index will quickly rebound or experience a brief recovery before rising, recommending entering the market with limited downside risk. More news available on Tai News: Parliament Passes Taiwan-India Labor MOU in Initial Review with Resolutions to Establish Dedicated Institution and Define Direct Hiring Ratios, Dragon Tianxiang Apologizes at Police Station with Gifts After Drunk Shenanigans; AI Innovations Driven by Generative AI as E.Sun Bank Collaborates with Microsoft Taiwan to Implement Virtual Ambassadors in Branches.
Source: YAHOO