Cathay Securities Investment Trust Co (國泰投信) chairman Jeff Chang (張錫) said the TAIEX is expected to face technical headwinds in the third quarter after a high-flying first half of the year. In particular, TSMC is expected to challenge the critical threshold of NT$1,000, meaning the stock could face volatility in the third quarter, Fan said. Meanwhile, many stocks on the main board would go ex-dividend in the third quarter, which is expected to cut about 600 points from the TAIEX, he said. Fan said that AI-related stocks are expected to attract buying in the fourth quarter amid ample liquidity. AI development has extended from cloud applications to end-user gadgets including AI PCs and AI phones, he said.

Source: Taipei Times June 30, 2024 18:42 UTC