Home » Economy » [Sankei Weekly]People are rushing to buy ETFs, worrying about the herd effect. The science park’s turnover is nearly 4 trillion

[Sankei Weekly]People are rushing to buy ETFs, worrying about the herd effect. The science park’s turnover is nearly 4 trillion

2024-03-15 22:00:00

Yuanta Taiwan Value High Interest ETF-00940 set off a nationwide panic buying trend, attracting nearly 100 billion yuan in funds within two days of its launch. The huge volume of subscription orders overwhelmed the agency sales channels, and the sales channels of brokerage firms and banks were overwhelmed with orders for customers and worked overtime until late at night. Yang Jinlong, President of the Central Bank, pointed out at the Legislative Yuan Committee on March 14 that everyone is rushing to invest now, which is a bit like the “herd effect” often talked regarding in the financial market. He reminds everyone that investment is still risky.

At the same time, the Financial Supervisory Commission also reminded Yuanta Investment Credit to pay attention to marketing materials and avoid misleading investors, and called on investors to manage their finances appropriately and understand that investments must be risky and there is no guarantee of profit.

Yuanta Taiwan Value High Interest ETF focuses on high dividends, monthly allocations and other demands, attracting investors to rush in, including agency agencies such as Cathay Securities, Yushan Securities, and Sino-Fung Securities. Yushan Securities took the lead in announcing the suspension of relevant online subscription operations on the 13th.

Yuanta Securities also issued an announcement stating that due to the recent explosion in the number of account opening applications, investors who applied for account opening and supplementary documents on the 14th “cannot guarantee” that they will be able to complete the subscription within the fundraising period. However, the announcement was immediately withdrawn, but it was announced that This statement calls on investors to evaluate their own risk tolerance and properly plan personal financial decisions.

The herding effect, also known as the herding effect or the herd effect, is often used in economics to describe the herding behavior of economic individuals, because humans also have the instinct to blindly follow the herd and will make the same reaction in a swarm. This situation occurs in This is especially common in financial markets.

In addition, Yang Jinlong also said that the increase in electricity prices may cause the annual inflation to exceed 2%, and he is very worried regarding the anticipatory mentality; according to the latest forecast of the General Accounting Office at the end of February, taking into account the continuation of the increase in food expenses and rents, consumption in 113 is forecast The Consumer Price Index (CPI) rose by 1.85%, an increase of 0.21 percentage points, but this did not take into account the increase in electricity prices.

The central bank’s Board of Supervisors will discuss the impact of inflation expectations on the 21st and will pay attention to whether the inflation structure has changed.

The Ministry of Finance announced on March 12 that the national tax revenue in the first two months of this year was NT$318.5 billion, an annual increase of 16.9%; among which, in February, the tax paid in a single month was NT$33.2 billion, a record of NT$33.2 billion in the first two months. high.

Liu Xunrong, deputy director of the Statistics Department of the Ministry of Finance, said that there were only 13 trading days for Taiwanese stocks in February, 5 days less than the same month last year. However, as the economy gradually recovered and AI (artificial intelligence) business opportunities continued to be popular, the number of trading days for Taiwanese stocks in February The average daily trading value of stocks was 468.4 billion yuan, the highest since August 2021.

She said that the trading volume of Taiwan stocks has increased significantly, driving the actual collection of securities tax to 14.1 billion yuan in February, the second highest in the same month in history, second only to the 19 billion yuan in February 1990, an annual increase of 15.5%, and 10 consecutive Monthly double-digit growth was positive; following excluding the Spring Festival factors, actual collections in the first two months were 33.2 billion yuan, the second highest in the same period in previous years, with an annual growth rate of 74.1%.

Affected by the U.S. stock market, Taiwan stocks opened low and fluctuated on March 15. The weighted stock TSMC led the decline in the electronics group. The weighted index exploded to more than 100 billion yuan in late trading and closed at 19682.5 points, down 255.42 points. However, Hon Hai played a supporting role. Angles, both price and quantity

Hon Hai held a press conference on March 14. Chairman Liu Yangwei said that strong demand for artificial intelligence (AI) servers this year will drive the performance of cloud and Netcom products. The full-year revenue outlook has also changed from the “neutral” view in the previous conference. Upgraded to “significant growth”, capital expenditure will continue to increase, growing for 4 consecutive years.

At the same time, Hon Hai will distribute a cash dividend of NT$5.4 per share, a new high since its listing.

Benefiting from the optimistic atmosphere, coupled with the additional support of ETF constituent stocks, market funds continued to pour into Hon Hai, inspiring the intraday stock price to hit the upper limit of 133 yuan on March 15, hitting a high since March 23, 2021. , also hitting the intraday limit for the first time since January 14, 2021.

Thanks to the investment of volume and energy, Hon Hai closed at 132 yuan at the end, up 9.09%, and the closing price hit the highest since August 24, 2010. Hon Hai’s trading volume today reached 405,800, setting a new record in history.

The National Science Council held a press conference on science park operations in 2023 on March 11. Chairman Wu Zhengzhong said that despite the COVID-19 epidemic, U.S.-China technology competition, and global supply chain restructuring in the past three or four years, Taiwan’s science park manufacturers still paid Revenue has achieved good results, exceeding the 4 trillion yuan mark in 2022. In 2023, revenue fell by 7.56% annually due to the high base period effect and the pressure on industry operators to reduce inventory. However, the overall revenue scale exceeded 3.9 trillion yuan, which is still the best record in the past. Second highest level.

Observing the revenue performance of the three major science parks in 2023, Zhuke is 1.4201 billion yuan, a decline of 11.98%; Zhongke is 938.4 billion yuan, a year-on-year decrease of 19.78%; Nanke is 1.5855 billion yuan, an annual growth of 6.88%, for the third consecutive year Breaking one trillion yuan, the National Science Council analyzed that it was mainly due to the support of the integrated circuit industry’s 3-nanometer process production and ramp-up.

Wu Zhengzhong pointed out that this year, driven by the business opportunities of generative artificial intelligence (AI), the park’s revenue will recover and grow steadily, and we can look forward to it with cautious optimism.

However, in recent years, Taiwan’s real estate market can be said to have been booming around the TSMC semiconductor plant. Zhuke, Zhongke and Nanke have supported the local real estate industry, which has also caused local housing prices to soar rapidly. Hsinchu County and City, where Zhuke is located, Housing prices are even approaching those in the Shuangbei region. Now that Nanke’s revenue is booming, and it is rumored that TSMC has requested 100 hectares of land from the Nanke Administration Bureau in charge of Jiake, the central and southern real estate market may make waves once more.

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