US EditionLawmaker raises concerns over TAIEX distorted by TSMC weighting
Legislator Lin Te-fu warns TSMC’s over 40% market cap share inflates Taiwan Stock Exchange index gains while 65% of stocks remain below key technical levels.
3 Articles
3 Articles
Focus Taiwan
Taipei TimesLawmaker raises concerns over Taiex distorted by TSMC weighting
Taipei, Jan. 7 (CNA) Opposition Kuomintang (KMT) Lawmaker Lin Te-fu (林德福) on Wednesday raised concerns at a legislative hearing that the heavy weighting of contract chipmaker Taiwan Semiconductor Manufacturing (TSMC) is distorting the performance of the Taiex, the Taiwan Stock Exchange's benchmark index.
Taiwan's stock market recently broke through the 30,000-point mark, prompting legislators to question whether the index's surge was solely supported by TSMC and the artificial intelligence (AI) sector, with most stocks still below their annual moving averages, suggesting a potential "bloated" market. Financial Supervisory Commission (FSC) Chairman Peng Chin-lung stated on the 7th that while the proportion of stocks below their annual moving aver…
Coverage Details
Bias Distribution
- 100% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
