Taiwan stocks fell endlessly. On the first trading day in July, they closed down by 482 points. Zhang Xi, chairman of the Investment Trust and Investment Advisory Association, believes that the main reason for the sharp decline in Taiwan stocks is that foreign capital and financing are killing. From the perspective of price-earnings ratio, currently It is obviously oversold. It is estimated that if the Federal Reserve will raise interest rates by 3 yards in July, the negative interest will be exhausted, and August is expected to start a deep rebound in the market.
Taiwan stocks continued to break the bottom and slaughter. The first day of trading in the third quarter was still merciless. The volume fell 482 points to close at 14343.08 points, and the trading volume increased to 300 billion yuan. Zhang Xijin attended the director of the stock exchange today (1) After the long handover ceremony, following the meeting, he expressed the above views on the recent trend of Taiwan stocks breaking the bottom and falling.
Zhang Xi is known as the “commander-in-chief of bulls”. He believes that the main reason for the sharp decline in Taiwan stocks is that foreign capital and financing are cutting. In fact, when the market index backtested 15,000 points, Taiwan’s equity-earnings ratio dropped to 10 times “very low” The state is clearly oversold.
Zhang Xi said that the fundamentals of Taiwan stocks are still good. Although some industries are under pressure to adjust inventory, the peak season demand is only postponed to the fourth quarter, rather than disappearing. He bluntly said that the current market correction is somewhat overreacted. People who don’t need to stop loss.”
Zhang Xi further pointed out that since the beginning of this year, the amount of Taiwan stocks sold by foreign investors is approaching 1 trillion yuan. In addition, it is the peak ex-dividend season. Some stocks have a maintenance rate of less than 130% due to “fake ex-dividends”. It continued to fall, but it is estimated that following the chips are cleaned up, the broader market index is expected to accelerate to catch the bottom.
Zhang Xi believes that the inflation pressure is expected to ease following the price of raw materials and commodities is expected to ease. If the Fed really raises interest rates by 3 yards in July, it meansUS dollar indexAt that time, it will also hit the top, and foreign capital will have the opportunity to return to Taiwan stocks, which will further drive the index to rebound quickly following breaking through the bottom.
