‘ONE-STOCK SHOW’: Turnover hit an all-time high as TSMC continued to determine the local market’s direction and surpassed Visa in market capitalization
Date: Jul 29, 2020
By: Staff writer, with CNA
The TAIEX rose more than 400 points in the first 20 minutes of trading to hit a record 13,031.7 points, but later pared its gains to close down 0.01 percent at 12,586.73.
Turnover was NT$343.252 billion (US$11.63 billion), the highest in the Taiwan Stock Exchange’s history.
TSMC continued to dictate the market’s direction, as its early surge by the daily maximum 10 percent to NT$466.5 accounted for more than 350 points of the TAIEX’s early gains.