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Taiwan Stocks Surge as Interest Rate Uncertainty Eases

Taiwan stocksweighted indexAfter falling for days, the lowest in early trading this morning (22nd) was as low as 16202.43 points. However, as some groups ignited the fire, it gradually strengthened. At the end, it rose slightly by 27.81 points to close at 16344.48 points. The transaction value shrank to 235.553 billion. Yuan, ending the daily 4-day black streak, the legal person pointed out that as the Federal Reserve announced that it would maintain interest rates unchanged, short-term uncertainties have eased, and Apple’s new machines have been launched in various countries, which has boosted the electronics supply chain and boosted the popularity of many parties. A gradual convergence can be expected in the fourth quarter, but we still need to pay attention to changes in the US stock market.

The Federal Reserve announced that it will maintain the benchmark interest rate corridor at a range of 5.25% to 5.5%. This is the second time this year that the Federal Reserve has kept interest rates unchanged. The Federal Reserve expects to raise interest rates once before the end of the year, and the rate cut next year will be lower than before. expectations.

After the uncertainty about interest rate hikes eased, high-priced electronics stocks strengthened again, reflecting the re-gathering of bullish sentiment. Among the design IP groups, Liwang rose by the daily limit, Shichi-KY and Creative rose by half the limit, and M31 rose by nearly 3%.

The optical fiber group is quite strong. Shangquan, Guangsheng and Kanglianxun are up by the daily limit, Chuangwei is up nearly 9%, Qianding and Huaxingguang are up by more than half the limit, Jones Day-KY and Boruowei are also up by more than 3%.

Among indicators related to copper foil substrates, Lianmao rose 6% and Taiyao rose 3%.

In the USBIC group, Xiangshuo and Parade-KY both rose by more than 4%.

Bulk carriers fell into consolidation, with Zhengde falling nearly 4%, AVIC, Xinxing, Yumin and Taiwan Airlines falling about 2%.

From the perspective of individual stocks, Anke, Yingbang, and Huangchang reached their daily limit, while Lite, Earth, Jianshun Electric, Nanzi Electric, Taigu, Dynamic Investment Holdings, Qihong, Zhaoli, Qincheng, and Wanrun all rose. Above half the stop board.

Yuanta Investment Consulting believes that from a technical perspective,weighted indexAffected by the downward curve of the quarterly line, the half-year line also fell. The short-term downward support moved down to the previous low of 16264 points. It is expected that the index will continue to consolidate the pattern, andCounter buying indexThe top priority is to regain the monthly support to maintain the performance opportunities of small and medium-sized stocks.

The market’s interpretation of the FOMC post-meeting statement was divided into hawks and doves. In the short term, the stock market was mainly suppressed by the maintenance of high interest rates.

2023-09-22 05:45:41
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