Market view:
The market has already reacted in advance that the Fed will raise interest rates by 3 yards, waiting for the Fed’s interest rate decision to be exhausted, and the size will be separated. Even if the negative interest is exhausted, foreign capital will not immediately buy the weight, and the index space is still not large. Small and mid-cap stocks will lead the way
Focus of viewing:
1. Yesterday’s trading trend: US stocks tumbled, Taiwan stock index once opened low and fell 200 points, intraday support buying came in to lift financial stocks, the index fell 23.6 points at the end to close at 16,047.4 points, with a turnover of 229.9 billion yuan , foreign sales exceeded 23.7 billion yuan, investment trust resale exceeded 1.88 billion yuan, and financing increased by 17 million yuan.OTC Index – 0.26%, after the market closes https://youtu.be/2dElpaY3aEo
2. U.S. stocks after the market: the market is waiting for the Fed’s interest rate decision, U.S. stocks fluctuate, Nasdaq +0.18%,half fee +0.63%、S&P500 -0.38%, TSMC ADR -3.47%,Fingering periodAfter the trading day – 223 points (Da Renge’s comment: Inflation is higher than expected, the latest FedWatch shows that the market expects the Fed to raise interest rates by 3 yards in June, and the market also reacted in advance with a sharp drop, waiting for the interest rate decision at 2 o’clock in the morning tomorrow, no matter what The original 2 yards or 3 yards are all bad, and the market will rebound)
3. The latest report of the International Semiconductor Industry Association (SEMI): fab equipment spending on upgrades reached a record high of US$109 billion, a 20% increase from last year. Under the leadership of TSMC, Taiwan’s market size this year reached US$34 billion, ranking first in the world. Guan (Da Renge reiterated: The semiconductor trend is growing, but buying TSMC has no financial benefits, pay attention to the small and medium-sized stocks that benefit from wafer foundry, and the previous share of Zhongsha (1560-TW), Sanfuhua (4755-TW), CommScope (4739-TW) has risen sharply, the trend is still optimistic, you might as well wait to pull back to keep the buying point, more selected stocks will be shared on Line and Telegram channels)
4. TrendForce report: The output value of low-orbit satellites this year is 308.3 billion US dollars, and the domestic license is about to be released, bringing short-term funds in the subject matter to enter the market, and ethnic groups are fighting against the trend.3491-TW), and Fan Hon Hai (2317-TW) Group’s Jian Han (3062-tW) had the opportunity to be the leader of the group, and Tai Yang, who always shouted loudly (2314-TW), you have to pay attention to when the real order can be issued, from loss to profit)
5. Operation reminder: The market corrected the Fed’s accelerated rate hike in June to 3 yards in advance in a tumble manner. After the U.S. stocks fell continuously and fell below the lows, they turned to wait and see and wait for a resolution. Looking forward to a rebound in the market, foreign capital is selling pressure, Taiwan stock index continues to bottom, domestic capital-led trend growth, small and medium-sized stocks will lead and stabilize and turn stronger, still optimistic: semiconductors, electric vehicles, 5G, Netcom, and airlines that benefit from unblocking In other industries, the operation strategy is not to chase the high, pull back to keep steady and turn strong to buy, and maintain the flexibility of funds, and it is advisable to undertake the shock process in batches.
(The author of this column is analyst Chen Kunren of Moore Investment Advisors)
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