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Taiwan Stocks: Analysis, Outlook, and Foreign Investors’ Activity

Taiwan stocksweighted indexLast week fell into a narrow range, and the volume and energy also hit a new weekly low since late June. September fell 280 points in a single month, and the monthly line was black for 2 consecutive times; after the Mid-Autumn Festival holiday, the legal person did not mince words, as the world ushered in the second round of economic crisis. Uncertainty over inflation has become stronger, leaving the United States with an attitude of retaining room to raise interest rates. From a technical point of view, Taiwan stocks may still have room to explore lower, and the expected satisfaction point is around 16,000 points. Therefore, it is expected that this week will be difficult to see glory. October Counterattack Quotes.

Brent crude oilThe spot price per barrel has soared past 95 US dollars and is moving closer to 100 US dollars, triggering market concerns about rising inflation again and suppressing the momentum of stock market funds. Foreign investors continued to sell 35.5 billion yuan last week, and showed overselling for three consecutive months. Total In the third quarter, foreign investors sold more than Taiwanese stocks to a total of 373.9 billion yuan.

However, foreign capital’s overselling last week converged, investment trust continued to overbuy, and the chips are expected to stabilize.

It is worth paying attention to the layout of foreign investors at the end of the third quarter. In terms of amount, foreign investors mainly bought Daya last week (1609-TW) exceeds 1.4 billion yuan, Asia Sky (6139-TW)1.1 billion, Huatong (2313-TW)950 million, Wen Ye (3036-TW)700 million, Zhiyi (3596-TW), Elephant (3293-TW) and Wistron (3231-TW) are more than 600 million yuan.

And Investment Trust also bought Chaoqihong last week (3017-TW) nearly 1.5 billion yuan, Quanta (2382-TW) and Wiying (6669-TW) is around 900 million yuan, Tianyu (4961-TW)820 million, Gigabyte (2376-TW)660 million yuan, Taiwan (6274-TW) and the beast (3293-TW) exceeded 400 million yuan each.

The legal person believes that since the cycle of interest rate hikes has not stopped yet, secondary inflationary pressure has struck again, which may continue to depress the stock market in the short term. As Taiwan stocks gradually usher in September and third quarter revenue announcements, individual stock performance is expected On the contrary, the best situation for the market is to use the market to replace the decline.

SinoPac Investment Consulting analyzed from a technical perspective that Taiwan stocks formed a “flag-shaped consolidation” in August and September, which was a rest area during the decline. The index jumped short and fell below on September 21, which is consistent with the theory. According to the technical According to analysis and deduction, Taiwan stocks will continue to fall, and the expected satisfaction zone should be around 16,000 points.

On the other hand, although the FOMC meeting on September 20 decided to suspend interest rate increases, it emphasized the flexibility to maintain interest rate hikes, that is, it is still possible to raise interest rates at the two meetings in November and December, leaving the market in uncertainty.

Next, we will look at the CPI data to be released in the United States on October 12. If inflation slows down and the market gradually forms a consensus that the end point of interest rate hikes has been reached, it will help the market to heat up in the fourth quarter.

2023-10-01 04:00:12
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