2023-11-15 23:42:00
Japan’s semiconductor-related stocks recovered from interest rate concerns faster than their global peers and hit a new all-time high.
The FactSet Japan Semiconductor Index rose 4.5% to a new record high on the 15th, as US price indicators spurred expectations that the US Federal Reserve would end its interest rate hike. Of the 32 stocks that make up the index, 11 stocks, including Tokyo Electron and Lasertec, closed at new highs.
According to the latest research conducted by BofA Securities, Japan tops the list of Asian fund managers’ preference rankings, with the second-largest overweight position in semiconductors after banks. “While semiconductors have modest outperformance compared to regional equity markets year-to-date, investor interest in the sector remains overwhelmingly high,” the firm’s strategists wrote in a note on Monday. .
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