Foreign Investors Shift Focus, Leading Stock Prices to Rise in Taiwan

Reported 3 months ago

On July 17, 2024, Taiwan's stock market dropped by 227.43 points, ending at 23,769.82 points, with a decrease of 0.95%. Foreign investors bought 121.26 billion NTD and sold 191.98 billion NTD, resulting in a net sale of 30.72 billion NTD. Observing foreign investors reversing positions, they bought nearly 200,000 shares of panel maker Innolux, benefiting from the upcoming Olympic events. Additionally, AI server demand is expected to rise in the second half of the year, leading to the stock of metal casing manufacturer Cheng Uei Precision Technology hitting its third consecutive daily limit-up, closing at 133.5 NTD with 9,420 shares being bought on this news.

Source: YAHOO

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