Federal Reserve Chairman Jerome Powell pointed out that interest rates will be cut this year, which was bullish and led to the rise of U.S. technology index stocks such as NVIDIA and Meta, driving the S&P 500 Index to close at a new high and the Philadelphia Semiconductor Index to soar 100%. At 3.36, the weighted index of Taiwan stocks soared past the 20,000 point mark within one minute of opening on the 8th, setting a new record in the history of Taiwan stocks. However, looking forward to the market outlook, the legal person reminds that with the emergence of four major unfavorable factors, short-term market correction pressure is high, and investors should be cautious in pursuing higher prices.
Yesterday, the Taiwan stock market hit the 20,000 mark and immediately fell into a turmoil. After 10:30, it once turned black. The final index closed at 19,785 points, an increase of 91 points or 0%. At 1.47, the transaction volume increased to 5,713 million yuan. The transaction volume has been increasing for two consecutive days, both exceeding 500 billion yuan.
Yesterday, TSMC’s stock price was still among the bull indicators. It reached a high of 796 yuan in early trading, an increase of 4.74%. Based on this calculation, the intraday market value increased by more than 900 billion yuan, and the market value exceeded the 20 trillion yuan mark. , and contributed nearly 300 points to the weighted index, driving the Taiwan stock market to rise nearly 400 points to a maximum of 2065.5 points, a record high. However, selling pressure on Taiwan stocks later emerged, and the market once turned over. black.
Yesterday, TSMC also announced that its consolidated revenue in February was approximately 181.648 billion yuan, a monthly decrease of 15.8% and an annual increase of 11.3%; cumulative operating revenue from January to February Revenue amounted to 397.433 billion yuan, an annual increase of 9.4%.
Analyst Xu Bojie said that the Taiwan stock market suddenly reached the 20,000 mark, and the market spontaneously sold out. As a result, the index fell sharply. Investors were very scared and not very happy. Many people took profits and sold out first. Taiwanese stocks surged to break through, but in fact there was a surging undercurrent. Group stocks and individual stocks fell more than they rose, with gold stocks all in the green, and even more than 30 individual stocks fell to their limit during the session.
The legal person reminded that there are four major risks in Taiwan stocks, including: 1. Taiwan stocks will rise in the short term and deviate greatly; 2. The market expected 20,000 points has arrived, and huge profit-taking selling pressure will come out; 3. This is the fault of TSMC alone. In Wulin, only TSMC rose strongly, and many stocks have corrected in the opposite direction; fourth, the number of index stocks, gold stocks, cannot continue to increase, and their weak performance has become the focus of the decline.
TSMC is approaching 800 yuan, and many foreign investors are still issuing reports that continue to be optimistic about future performance. After JPMorgan Chase first announced a target price of TSMC of 850 yuan, Morgan Stanley’s latest TSMC stock report also raised the target price of TSMC to 850 yuan.
Morgan Stanley reported that due to the increase in orders and the expected improvement in wafer prices, it raised its EPS forecast from 2024 to 2026 by 2% to 3%, and raised the target price to 850 yuan, believing that TSMC’s benefit from AI growth is surpassing geopolitical risk factors, and compared with other stocks in the global semiconductor supply chain, TSMC’s AI growth has higher visibility.
There are still benchmark companies in the AI or TSMC supply chain that can be deployed, but can TSMC’s one-man martial arts bring out the “sect”? It is related to the health of Taiwan stocks. Other worries include the fact that TSMC’s foreign shareholding ratio is around 74.5%, which is not high. However, foreign capital adjustments are sometimes urgent and fast. If TSMC is used as a cash machine, Taiwanese stocks may not be able to hold on easily.
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2024-03-08 22:25:34
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