Home » Business » Is There Any Reason to be Optimistic About Taiwan Stocks in the Short Term? Latest Update on U.S. Federal Reserve Chairman’s Inflation Concerns and Impact on Taiwan Stock Market

Is There Any Reason to be Optimistic About Taiwan Stocks in the Short Term? Latest Update on U.S. Federal Reserve Chairman’s Inflation Concerns and Impact on Taiwan Stock Market

FTV News/Comprehensive Report

U.S. Federal Reserve Chairman Jerome Powell said this week that inflation is still too high, causing U.S. stocks to fall across the board and U.S. government bond yields to hit new highs. In Taiwan stocks, TSMC’s financial results were better than expected and the outlook turned positive, but it was negatively affected by U.S. stocks. With the impact of the Israeli-Palestinian conflict, the trend of U.S. interest rate policy and other unfavorable factors, is there any reason to be optimistic about Taiwan stocks in the short term?

The Taipei stock market fell nearly 500 points this week. Even with TSMC’s announcement that it was better than expected, the index could not rise. How should investors observe next?

Trend expert Zhong Guozhong: “It is almost at this position, but the market has been unstable in confidence, so I think that at this position, there may be some small low risk, but it will not be easy to fall again.”

TSMC’s legal statement revealed that mobile phone and NB inventory has bottomed out. The demand for 3-nanometer technology continues to heat up. TSMC’s president expects revenue to grow again next year. What trends can be seen from TSMC’s legal statement?

Senior analyst Xu Fenglu: “Looking at TSMC, we can be sure of one thing. The boom is coming to a relative end and is ready to reverse at any time. Among them, we have seen that including mobile phones, its annual growth has exceeded 30%, which means that When it comes to consumer electronics, the inventory has indeed been exhausted, mobile phones are back, and you can even see that even Huawei has been resurrected. I think the bottom of the entire mobile phone industry has appeared, and coupled with the high-speed transmission part, It continues to grow and accounts for a very high proportion, which means that it actually has a very high degree of recognition for new things and new products.”

The Taiwan stock market has been in a wide range recently, so investors should be cautious, wait and see, and pay attention to risks.

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2023-10-22 13:17:03
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