The four major U.S. stock indexes fell across the board, causing Taiwan stocks to open on Monday and facing a lot of pressure. Especially last week, the Taiwan stock index plummeted 605 points, and foreign investors withdrew 88 billion yuan. Although Apple’s conference will debut next week , but the 60% capital reduction of Evergreen also took effect. Therefore, analysts suggest that at this stage, the cash position should still be retained, and the operation should be conservative.
The U.S. Federal Reserve’s hawkish remarks caused severe shocks in the global stock market, and Taiwan stocks were not immune. From the closing price of 15,278 points on August 26, it plummeted 605 points in just one week, a drop of nearly 4%, and the market value evaporated by 1.86 trillion yuan. , foreign sales alone are as high as 88 billion yuan.
Analyst Weng Weijie pointed out, “Under an environment where foreign capital continues to withdraw from the Taipei stock market, it is actually very, very difficult for the Taipei stock market to perform well. Entering the third quarter or before the end of this year, we all expect to see it. It is estimated that in the entire Taipei stock market this year, in this supply chain, their fundamentals will continue to be revised downward.”
Analysts are not too optimistic regarding the performance of Taiwan stocks, because the electronic weight stocks continue to lead the decline. MediaTek fell as much as 8.55% in a single week, TSMC also fell from 512 yuan to 485 yuan, and Hon Hai and UMC also fell. , Although the Apple press conference is regarding to debut on the 7th, it is difficult to add firewood to Taiwan stocks.
Analyst Weng Weijie analyzed, “The two leading stocks in the supply chain of Apple stocks, one is that following Largan fell below the monthly line, it continued to drop below the quarterly line, and the other was in the performance of Hon Hai’s stock price. , is also relatively weak, so it has formed a phenomenon in which the profit is realized in the short term, or it can be said that the profit is exhausted. I think in fact, biotechnology stocks, we still position it as the effect of capital rotation, or the same Pay special attention to the dynamics of legal person buying super.”
Biotechnology and medical stocks, which had the largest weekly gain, rose nearly 4%. In contrast, shipping stocks plunged 11.26%. In particular, Evergreen announced a 60% cash capital reduction, which will take effect on September 6. Analysts interpret this capital reduction as more likely. With all the profits out, it may be difficult to stimulate the stock price rebound next week. Under the continuous downward revision of the global economy, the former prosperity of shipping stocks will not be able to return for the time being.
(FTV News/Comprehensive Report)
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