2023-06-20 02:33:30
Taiwan stocks officially broke through the 10,000 mark. Cathay Gold (2882) released its latest public economic indicators in June today (20th). As many as 41% of the public are optimistic that Taiwan stocks will rise in the next six months. In May, this figure was only 32%. Optimism hit a 17-month high in February last year. The proportion willing to deposit in Taiwan stocks also rose to 30.7%, and the risk index also hit a 15-month high.
In June, 41% of the public index was bullish on Taiwan stocks, and the level of optimism hit a 17-month high.File photo: Central News Agency
Taiwan stocks rose from 14,137 points at the end of last year to 17,346 points in June, breaking through the 17,000 mark, an increase of 22.7%. According to the latest results of the “June National Economic Confidence Survey” released by Cathay Gold in the morning, the public’s bullishness on the stock market has increased significantly, and the degree of risk they are willing to enter has also increased simultaneously. The good stock market has made the public’s views on the economic outlook also improve simultaneously.
Although the central bank has lowered the economic growth rate for this year, and the Taiwan Institute of Comprehensive Economics estimates that the economic growth rate will only be 1.45% this year, the general public is more optimistic. According to a survey by Cathay Pacific, the average public expectation for Taiwan’s economic growth rate in 2023 is 2.1%, which is higher than 2% in May. More than half of the people, 51%, believe that the economic growth rate in 2023 will be above 2%.
In addition, Cathay Gold’s outlook optimism index rose from a negative -8.9 to a positive 5.5, hitting a 17-month high, and the index of willingness to spend large amounts reached a 15-month high. The index of willingness to buy a house rose to its highest point since March 2022.
In terms of the stock market, people who are optimistic about the trend of Taiwan stocks in the next six months have risen sharply from last month, from 32% to 41%, an increase of nearly 9 percentage points in just one month. 23.1% thought it would be a drop, compared to 31.1% in the survey in May, which also showed a sharp drop.
Ask the public about their current willingness to transfer cash or fixed deposits to the stock market for investment? The willingness to increase also increased from 27.2% to 30.7%, significantly surpassing the 29.4~29.5% in February and March, but still the most unchanged at 52%, showing that investors are willing to take more risks to buy Taiwan stocks.
Chen Qinqi, associate director of the Cathay Pacific Financial Research Office, said that during the survey period, the financial report data was better than market expectations, and specific industry themes were fermented, investors were trading enthusiastically, and major international stock markets were volatile. The results of the survey in June showed that the public’s optimism index for Taiwan stocks rose significantly from 1.2 to 17.7, setting a new high record since February last year. The index was 24.7 when it broke through 80,000 in January last year; in addition, the risk appetite index rose to 13.7 in June , which is also much higher than the 8.6 in May. Chen Qinqi said that this is also a 15-month high since April last year. The value was 15 in March last year.
Cathay Gold This survey was conducted from June 01 to June 7, 2023. Email questionnaires were sent to members of Cathay Life’s official website and Cathay United Bank customers, and a total of 15,573 valid questionnaires were successfully returned.
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Ye Yiru, Special Correspondent of Yahoo Finance: 22 years of experience in financial and mainstream media, from the bubble of Web1.0 in 2000 to Web3.0 in the Meta universe, witnessed the history of the rise and fall of large and small business groups in Taiwan, and experienced five international financial crises. Think that finance is life, omnipresent, no matter how difficult financial management knowledge should be explained in a simple way. No matter you are young or old, you should manage money. If you don’t manage money, money will ignore you.
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