The international noise resurfaced, the U.S. debt capitulated, but the U.S. stock market was dissatisfied and confrontational entanglement appeared, and Taiwan stocks turned black last week.15500The point mark fell again, facing the counter pressure of the annual line.In addition to paying attention to the minutes of the Fed meeting this week, the Ministry of Economic Affairs will announce1Monthly export orders, the theory of technology transmission and production method have also appeared one after another. Index factories such as World Advanced, Elan, Delta Electronics, Taiwan University, etc., and Taiwan University will also hold a board of directors on Friday, and the Taiwan Star M & A case will become the focus.
U.S. bonds and U.S. stocks deviate from the annual line of Taiwan stocks, and the counter pressure this week focuses on export orders and technology law.Reuters
U.S. stock bulls are unwilling to admit defeat. Although the Nasdaq and S&P fell for two consecutive days, the S&P 500 fell only 0.28% this week, the Dow fell 0.13%, and the Nasdaq rose 0.59% for the week. The 10-year U.S. Treasury yield continued to rise by about 8 basis points this week after rising by about 21 basis points last week, and the 2-year U.S. bond yield, which is more sensitive to the interest rate outlook, rose by about 10 basis points this week, and The 10-year U.S. bond yield has risen for four consecutive weeks after falling for three consecutive weeks.
Affected by the 6% year-on-year increase in U.S. PPI in January, which was higher than expected, and the market’s renewed concerns about the follow-up strength of the U.S. Federal Reserve’s interest rate policy, coupled with the relatively weak performance of electronic stocks, Taiwan stocks fell 70.8 points last Friday and closed at 15479.7 points. The line turned black; the turnover was 212.77 billion yuan.
In response to the recent market situation, the Taiwan stock team of Allianz Investment Trust said that Taiwan stocks have recently been affected by international market news, showing a pattern of ups and downs; at present, semiconductors have entered the end of the downward revision cycle, and the Fed’s interest rate hike should be nearing the end of the first half of the year. As a result, funds have begun to enter the market one after another. Although the stock price may still fluctuate, it still needs to build positions and gradually return to review the fundamentals. Recently, some electronic or traditional production groups that have entered the end of the business cycle and have opportunities for turning around are worthy of attention.
Looking ahead, the Taiwan stock team of Allianz Investment Trust said that at this stage, Taiwan stocks still need time to absorb the negative news. In the short term, it is recommended to pay attention to the interest rate dot plot announced by the Federal Reserve on March 22, and the initial foreseeable technology in April and May. The status of orders in the second half of the year; the impact of inflation on retail terminal consumption and whether the subsequent counterattack will interfere with the market should also continue to be monitored.
In terms of strategy, the Taiwan stock team of Allianz Investment Trust said that since semiconductors are close to the end of the cycle, the recommended allocation still focuses on technology stocks, but because short-term fluctuation factors cannot be ignored, such as the March Fed meeting and the actual order status in the second half of the year , You can also pay attention to the niche-type traditional production stocks.
