Fed Chairman Ball’s speech yesterday (4) did not alleviate market concerns about inflation and rising U.S. Treasury yields, triggering market panic. U.S. stock technology stocks plummeted, four major indexes closed down, Taiwan stocks Yesterday, the semiconductor and electronics groups led by TSMC and UMC fell below the 10,000-month mark and fell below the monthly line. Foreign capital sold for more than 50 billion yuan. Short-term Taiwan stocks still can’t escape the correction pressure. Funds are transferred from electronic weights. The trend towards plasticizing, steel and other product groups remains unchanged.
The four major U.S. stock indexes plummeted to close. The Dow Jones Index fell 345.95 points or 1.11% to close at 30924.14; the Nasdaq Index fell 274.28 points or 2.11% to close at 12,723.47 points; the S&P 500 Index fell 48.98 points or 1.28. %, to close at 3770.74 points; the Philadelphia Semiconductor Index fell by 143.95 points or 4.84% to close at 2831.63 points.
The ADR indicators of Taiwan stocks also collapsed across the board, with TSMC ADR falling 5.94%, ASE ADR falling 5.30%, and UMC ADR falling 7.39%.
In his speech on the 4th U.S. time, Bauer stated that the Fed would not sit idly by the bond market sell-off in the past few weeks, but did not mention any specific measures, which triggered a fall in U.S. stocks and a jump in U.S. Treasury yields. The recovery and the increase in inflation rate may only be a temporary phenomenon and not enough to stimulate the Fed to raise interest rates.
In terms of disk focus, Hon Hai, driven by consumer electronics products such as iPhone and game consoles, achieved revenue of 401.893 billion yuan in February, a month-on-month decrease of 19.7% and a year-on-year increase of 84.81%. The cumulative revenue for the first two months was 902.111 billion yuan, a year-on-year increase. At 55%, it hit a new high in a single month and the previous two months. Hon Hai also estimates that its revenue in the first quarter will increase by more than 15% annually.
Silicon wafer giant Global Crystal announced that in the case of publicly acquiring all the outstanding shares of Siltronic AG, the statutory public acquisition extension period expired on March 1, and it finally obtained a 70.27% acquisition stake, which was better than the minimum originally planned. The acquisition ratio is 65%, and the final delivery is expected in the second half of the year.
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