Six Key Focus Areas Driving Taiwan Stocks Toward 22K
This week, the market will focus on six key areas: tariff developments, May revenue for Taiwan-listed companies, important shareholder meetings and dividend announcements, and Apple's WWDC developer conference. With a shift towards optimism in the market, experts note that Taiwan stocks have maintained a support level of 21,000 points for the past 20 trading days, and it is expected that the index will continue to fluctuate between 21,000 and 22,000 points ahead of the end of June.
The six key areas are as follows:
- Tariff Developments: The U.S. and China are to hold negotiations in London on the 9th, reversing the standoff stance of recent months.
- Apple's WWDC Developer Conference: Scheduled for 1 AM Taiwan time on the 10th, expected to unveil updates for the latest iOS, iPadOS, and macOS.
- May Revenue for Taiwan Stocks: A total of 626 companies have reported May revenue, totaling NT$1.64 trillion, a year-on-year increase of 19.7%.
- U.S. Stock Performance: The three major U.S. indices rose by over 1% last Friday, with the S&P 500 index breaking the 6,000-point barrier.
- Economic Data: U.S. employment reports exceeded market expectations, temporarily alleviating concerns about an economic downturn due to tariffs.
- Important Shareholder Meetings and Dividend Announcements: TSMC will announce dividends on the 12th, while Xunhua will follow on the 13th.
