Reported about 1 year ago
On July 4, 2024, Taiwan's stock market showed strong bullish momentum with a significant increase, reaching a historical high in the morning as TSMC opened above 1000 yuan, rising by 21 yuan. Analysts suggest holding onto the stock as there are no immediate signs of weakening. The New Taiwan Dollar opened against the US Dollar at 32.57, up 6.2 points. TSMC's surge is attributed to the continued strength in the US stock market. TSMC's further rise is expected to contribute significantly to the market's performance. The market's bullish trend has also driven the Taiwan Stock Exchange to set new historical highs. However, while the stock market is booming, the currency market sees the New Taiwan Dollar depreciating, prompting considerations about converting to US dollars. Overall, TSMC's remarkable performance has elevated it to the ranks of high-value stocks and has greatly influenced Taiwan's financial landscape.
Source: YAHOO