Taiwan Stocks Fluctuate Amid Bull-Bear Struggle on May 20, Defending 40,000-Point Mark
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On May 20, as President Lai Ching-te delivered a speech, the Taiwan stock market fluctuated after opening higher, influenced by rising U.S. bond yields and investor caution ahead of NVIDIA's earnings report. The market struggled but managed to defend the reported 40,000-point level. As of 10:30 AM, the TAIEX was at 40,334.32 points. Analysts suggest that while there's short-term correction pressure, the long-term outlook remains positive due to solid fundamentals.