CTBC Financial Sees Record Volume for 7 Consecutive Days as Chairman Announces Resignation

After a three-day market closure, U.S. stocks reopened with a boost as President Trump announced that tariffs on the EU would be delayed until July 9, lifting concerns over a trade war. The Dow Jones surged by 740 points, marking a 1.78% gain, with the S&P 500 and Nasdaq rising over 2%.
Among key U.S. equities, technology giants saw gains of over 2%, with NVIDIA, set to release its earnings report, soaring 3.51%, while Tesla jumped 6.94%, reclaiming the $360 threshold. Major tech stocks like Micron, ASML, Texas Instruments, and AMD also rallied more than 3%.
However, the exuberant U.S. market failed to spur a broader rally in Asia. Japan's Nikkei ended flat, while Hong Kong and Shanghai stocks remained weak. Only South Korea's KOSPI rose by 1.25%. Taiwan’s stock exchange opened up over 300 points but fell throughout the day, even going negative during lunch hours, ultimately closing up just 21.18 points at 21,357.72, marking five consecutive days of black K-line candles.
In terms of trading volume, CTBC Financial has shown remarkable activity, with the announcement of Chairman Gu Chung-Liang’s upcoming resignation making headlines. The stock has seen record volume for seven consecutive trading days, even as the New Taiwan Dollar strengthened above 30 NT$ amid looming pressures in the insurance sector and increased foreign exchange needs from exporters.