The situation in Russia and Ukraine is likely to worsen, the electronic trading of US stocks plummets, and Asian stocks also tumble across the board. Taiwan stocks once fell more than 200 points when TSMC fell below the 600 yuan mark. The decline converged to more than 100 points, holding 17800 points.
As of 10:30, the weighted stock price index fell 133.73 points to 17800.67 points, and the transaction value was NT$176.748 billion. Electronic stocks were still the focus of the killing. TSMC has hit a new low of 592 yuan this year, down nearly 14% from this year’s high of 688 yuan %, Largan and MediaTek also faced an integer checkpoint battle of 2,000 yuan and 1,000 yuan respectively.
With the market capital fleeing from electronic stocks, transmission stocks are relatively favored. Among them, shipping stocks are the most prominent. Evergreen and Yangming have risen sharply, both hitting new highs this year. Aviation giants China Airlines and Evergreen Airlines are also relatively resistant to decline.
The legal person said that foreign investment is still conservative in the operation of Taiwan stocks, which has become a resistance to the return of the broader market. Although the US Federal Reserve (Fed) released a message of raising interest rates by 1 in March, it is still necessary to pay attention to whether the inflation problem will expand. In particular, the Russian-Ukrainian war has pushed up oil prices soaring, which is a major consideration for the US economy and the Fed’s interest rate decision-making, and the development of the market needs to be viewed with caution.
Analysts believe that foreign investment has continued to sell Taiwan stocks recently. On the other hand, investment trust has been buying for more than 22 consecutive trading days. It is worth noting that domestic stocks have attracted attention, but financing has continued to rise recently, and the financing balance has exceeded 270 billion yuan. The bargaining surface may become Resistance to future rebounds.
