Reported 8 months ago
FTNN News reported on June 19, 2024, that Taiwan's stock market hit a new high, with eight major state-owned banks buying over 3,000 shares of UMC, causing public worries about its performance. Despite the significant purchase, UMC's stock price remained flat, leading to comments like 'Why is UMC so weak?' and 'UMC's factories should be closed, and all resources diverted to TSMC.' Other companies like Kunyin also faced challenges, with their stock prices plunging. Overall, eight major state-owned banks showed significant buying activities in the market, raising questions about the semiconductor industry's future prospects.
Source: YAHOO