TAIEX tipped to sink to 15,000 in Q3, surge afterBy Kao Shih-ching / Staff reporterThe TAIEX would likely fall to about 15,000 points in the third quarter if US monetary policy changes next month, but the index is expected to rebound, peaking at 19,000 points in the fourth quarter, Capital Investment Management Corp (群益證投顧) said yesterday. Local semiconductor companies and manufacturers of electronics would benefit from a global economic recovery, while 5G suppliers are expected to receive more orders as countries where the COVID-19 situation has eased accelerate 5G development, Tsai said. A woman walks past an electronic stock board at a securities firm in Taipei on April 20. Capital Investment is optimistic about local airlines as they have expanded capacity amid demand for air cargo, he said, adding that air cargo sales are expected to continue growing. The TAIEX yesterday closed down 0.02 percent at 17,710.15 points, with turnover of NT$607.08 billion (US$21.69 billion), Taiwan Stock Exchange data showed.

Source: Taipei Times July 02, 2021 15:56 UTC