The Federal Reserve sang “dove” and hinted that it may cut interest rates three times next year. Funds poured in, and US stocks hit new highs. At the same time, Taiwan stocks were encouraged to celebrate together, and the market was full of flowers, and stocks all rose. Legal persons pointed out that although foreign legal persons have taken vacations towards the end of the year and the gains in equity stocks have been limited, the overall situation is still moving in a good direction and is expected to challenge the 10,000 mark.
The legal person said that the suspension of interest rate hikes in the United States has pushed the index to a high, and you can pay more attention to the rotation performance of individual stocks. In addition, with the election and book-keeping market approaching, after the end of the month, legal persons believe that the Taiwan stock market will first fall first and then rise next year, so they have to make adjustments to their holdings, but the multi-party trend has not changed.
Looking back at the performance of the Taiwan stock market yesterday (14th), it ended up rising by 184.18 points to close at 17,653.11 points, setting a new high since April last year. The market was full of joy, TSMC filled interest rates in seconds, Largan and financial stocks led the gains, Inventec reached its second daily limit, and funds poured into low-priced IC, packaging and testing and passive component stocks.
In addition, the Taiwanese stock market once again had its 12th thousand dollars, with Jiaze soaring past the thousand dollar mark. The market speculated that UMC would release positive news about transforming IP services, which drove Silicon Systems to rise. In late trading, the stock price reached its daily limit of 52 yuan, returning to the prefix 5 and reaching a new high in one month. In addition to the strong gains in Taiwan stocks,New Taiwan DollarIt also surged 2.54 cents, touching 31.272 yuan, a 2-week high.
The central bank also held a fourth-quarter board of governors meeting yesterday and decided to keep interest rate policy unchanged, with the discount rate, guaranteed loan rate, guaranteed loan financing rate and short-term financing rate at 1.875%, 2.25% and 4.125% respectively, showing “three consecutive freezes” ”. However, this year’s economy is relatively conservative, with the economic growth rate for this year revised down to 1.4% and the economic growth rate for next year raised to 3.12%.
In terms of market news, Sinosteel yesterday announced new prices for January and the first quarter of 2024, and all seven major categories of steel products were raised. Monthly products increased by 500 to 700 yuan per metric ton, while seasonal products increased by 500 to 800 yuan per metric ton. Sinosteel said it hopes to adjust the price to stimulate the release of terminal replenishment demand, welcome the business opportunities of the Golden Dragon Year, and also declare that the bottom has passed.
After U.S. stocks surged to record highs, funds were still available on Thursday, with all four major indexes rising.Dow Jones rises 158.11 points or 0.43%, closing at 37248.35 points, setting a new high;NasdaqThe index rose 27.59 points or 0.19% to close at 14761.56 points;S&P 500 Indexrose 12.46 points 0.26% to close at 4719.55 points; whilePhiladelphia SemiconductorThe index rose 106.52 points or 2.67% to close at 4097.47 points.
In terms of economic data, U.S. retail sales in November rebounded from a monthly decrease of 0.2% in October to a monthly increase of 0.3%, which was better than market expectations. The number of people claiming unemployment benefits last week was only 202,000, down from 221,000 the previous week and the second lowest level since February this year.
2023-12-15 00:40:16
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