2023-12-12 00:36:51
The three major U.S. stock indexes all closed higher on the 12th, withPhiladelphia SemiconductorIt rose 3.4% at the close, a new high since January 2022, driving the Taiwan stock index to further rise to 17,510 points in nearly overnight trading, helping the Taiwan stock index to open higher today (12th), and will further challenge this year’s new high of 17,516 points .
The stock and foreign exchange markets rose and fell in mixed tone on Monday. Taiwan stocks ended up rising 34 points to close at 17,418 points, holding on to all short-term moving averages;New Taiwan DollarThen it fell sharply by 1.38 cents to close; the three major legal persons were oversold in total.New Taiwan Dollar 2.587 billion yuan, of which foreign investors bought more than 1.187 billion yuan, with Compal buying the most 13,040 tickets, and EVA Air underweight, buying 23,540 tickets.
Broadcom surged nearly 9% on Monday, spurred by Citigroup raising its price target to $1,100, sending its stock price to a record high while movingPhiladelphia SemiconductorThe index rose sharply, with Applied Materials rising 5.02% and Super Micro rising 4.20%; Nvidia fell 1.9%, leading the decline in the seven major technology stocks; TSMC ADR held steady at $100, rising 0.6% to close.
As for the semiconductor plant, its investment rating has also been upgraded to “attractive” by U.S. foreign investors, who are optimistic that the industry cycle will bottom out and rebound. In addition, Unix, TSMC, Sechi-KY, Faraday, etc. all have the support of foreign capital.
This week is “Super Central Bank Week”. The global financial market is closely watching the Federal Reserve’s interest rate decision on the 13th. The market is generally expected to keep interest rates unchanged. The market will pay close attention to the prospect of interest rate cuts released by the Federal Reserve. Then, Taiwan, Brazil, The United Kingdom, Switzerland and the European Central Bank will also follow up to announce decisions.
Huang Tianmu, chairman of the Financial Supervisory Committee, clearly pointed out at the Legislative Yuan Finance Committee yesterday that Taiwan’s stock market is resilient. The Financial Supervisory Committee will continue to stabilize the capital market and stabilize Taiwan’s stock market before May 20 next year. He also said that foreign investment is an important driving force for funds, but it is not the only driving force. Seventy percent of the daily trading volume mainly relies on domestic capital, so we have confidence in the fundamentals of Taiwan stocks.
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