The Taiwan stock market continued to fall by 100 points yesterday (20th), and finally closed at 16534.75 points, falling below the monthly and quarterly levels. It fell 386.17 points in three days, and foreign investors sold over 56.5 billion yuan. Although the U.S. Fed did not raise interest rates this time, it hinted that it would be “hawkish” again at the end of the year. All U.S. stocks were in a negative mood, and even the Taiwan stock market’s half-year line of 16,473 points was in danger.
Observing the chip dynamics of the three major legal persons, foreign investors once again sold more than 18.19 billion yuan yesterday, which is equivalent to withdrawing 56.5 billion yuan for three consecutive days; self-operated traders sold more than 9.344 billion yuan; investment credit continued to support Taiwan stocks, buying more than 2.365 billion yuan, and wrote a continuous 35 buying record; the three major legal entities sold more than 25.18 billion yuan in total.
AI stocks are struggling to recover, and foreign investment has been slashed for three days in a row. The Financial Supervisory Commission issued a statement of confidence, indicating that the fundamentals of Taiwan-listed OTC companies are still sound and will continue to pay attention to the domestic and foreign economic situation and take relevant measures in a timely manner.
However, although the Fed suspended raising interest rates, it hinted that it will raise interest rates again by the end of the year. U.S. bond yields have risen, which has hit technology stocks hard. Among them,Philadelphia SemiconductorThe index fell 1.7%,that fingeralso fell 1.5%,S&P 500 IndexA drop of nearly 1% may cause worries for the trend of Taiwan stocks today.
The focus of today’s market review is that market research agency TrendForce yesterday announced its latest quotations for late September. Affected by lower than expected demand, all sizes of TV panels were priced at flat prices, ending the half-year rally since March this year. Monitor panel prices also remained at the same level as the previous period. Panel prices are unable to rise, and Innolux and AUO’s panel operations have raised alarms again.
Whether the high-priced stock “Ten Thousand Gold” can be saved is also attracting attention. Stocks Wang Xinhua and Shixin-KY fell sharply yesterday. In addition, Xiangshuo and other three stocks all fell by more than 5%. Creative, materials-KY, Parade- KY and other stocks are also weak and are facing a battle to defend the thousand-yuan mark. Whether they can hold on to the top ten thousand-dollar stocks will be the focus today.
Overall, the international market is bearish. As the end of the quarter approaches, the Taiwanese stock market is facing another wave of adjustment. The upside selling pressure is heavy. Today, the market may fall back to the 16,500-point mark and the half-year line.
2023-09-21 00:22:01
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