[Times-Taipei News]U.S. stocks soaring and plummeting are commonplace. On Monday, the V-turn magic show was staged. The Dow Jones jumped 550 points, and the price jumped up more than 2%, encouraging TSMC to close at a maximum of 407 yuan, and Taiwan stocks rose 158 points to recover five Sunline and Wansan City. Today, foreign capital (excluding foreign proprietors) sold over 3.7139 billion yuan, investment trust sold over 1.85899 billion yuan, proprietors bought over 3.21153 billion yuan, and the three major legal persons sold over 2.361 billion yuan. The cumulative sales of foreign capital for 2 consecutive years reached 12.481 billion yuan. Since September, the cumulative sales exceeded 57.729 billion yuan. This year, the cumulative sales exceeded 1.3 trillion yuan. This week, the international market is still shrouded by uncertain factors such as the US super financial report, the UK’s CPI announcement, and the US Fed official’s speech. However, the valuation of Taiwan stocks has been low, and investment experts are no longer fully conservative.
The strong financial report of the Bank of America and the hairpin bend of the British tax cut policy drove the US stocks to rebound sharply overnight. Taiwan stocks are dancing with the international stock market today. The king TSMC (2330) opened higher and recovered 400 yuan. Semiconductors, panel driver ICs, shipping, plasticization, finance The other ethnic groups joined hands to play strong, leading the index to rush to 13143 points and soar 170 points at one time. Although the intraday fluctuated and fell by 10000 points, fortunately, financial stocks broke through and TSMC lifted its tail. The final weighted index closed at a relative high of 13124.68 points. Up 158.63 points, the transaction value shrank to 198.072 billion yuan.
On the disk, the weighted stocks were mixed, with TSMC (2330) closing at a maximum of 407 yuan, up 2.5%, and its market value returned to 10.54 trillion yuan. UMC (2303), MediaTek (2454), Delta (2308), Silicon Power*-KY (6415) joined forces, and Hon Hai (2317) unveiled two new electric vehicles on Tech Day. Light (3008) stepped into the heat dissipation field and bucked the trend and closed nearly 2% of the black and lost 1,800 yuan. Xinhua (5274), Novatek (3034), Nanya (2408), Quanta (2382), ASE Investment Control (3711) synchronized After closing in the dark, the carrier board Sanxiong Nandian (8046) and Xinxing (3037) continued their upward trend, while Jingshuo (3189) rose more and revised down 1%.
TV panels surged in late October. Double Tiger AUO (2409) and Innolux (3481) were in high demand, while touch IC groups Tianyu (4961), Duntai (3545), and Sitronix (8016) kept pace; 3228), Creative (3443), WorldCore-KY (3661), M31 (6643) continued to be affected by the US chip ban; ) and MSI (2377) followed suit.
Tradition stocks are blooming, Formosa Four Treasures Formosa Plastics (1301), Nanya (1303), Taihua (1326), Formosa Plastics (6505) are all red; 3%, Evergreen (2603) stopped falling and supported, the bulk group Xinxing (2605), Huiyang-KY (2637), AVIC (2612), and Taiwan Airlines (2617) joined forces, and the logistics and transportation group Taihua Investment Control (2636) ), Taiwan High Speed Rail (2633), Farglory Port (5607), and Home Delivery (2642) followed up, while the airline duo China Airlines (2610) and EVA Air (2618) remained in the red.
Analysts pointed out that the better-than-expected financial report of Bank of America, coupled with the relief of the UK tax crisis, inspired European and American stock markets to soar and relieved. From a technical point of view, Taiwan stocks are clearly oversold and their current valuations are relatively cheap. However, in the face of a downward revision in corporate profits next year, the visibility of the business climate is still low, and the stock market is still under pressure. Stock selection focuses on memory, green energy/storage, aerospace satellites, new energy vehicles and weight stocks that have fallen deeply.
Experts believe that with inflation and interest rate hikes, economic recession and other bad news, Taiwan stocks will bottom near Wansan. The market expects that with the approach of the election, Taiwan stocks will have the opportunity to rebound from November to January next year. (Editor: Long Cailin)