[周刊王CTWANT] Taiwan stocks suffered a bad week this week. The final market closed at 17004.18 points, down 280.36 points, or 1.62%, for the week. There are two main reasons for the decline in Taiwan stocks.
In the performance part of the stocks, the transmission industry outperformed the electronics industry, and the transportation stocks rose 3.3%. The container, bulk and aviation sectors rose together, and themes such as travel unblocking, bulk material price hikes and high yields were added. Steel stocks rose 2.2 percent, nickel prices rose, and the stainless steel group rose sharply.
Semiconductors fell 1.8%, TSMC said the market was short-lived, TSMC fell 0.9%, and UMC fell 6%. Electronic parts fell 5.4%, demand for downstream products was bad, ABF fell sharply, Xinxing and Nandian fell 11%.
Yongfeng Investment Consulting analyzed that the reason for the decline of Taiwan stocks this week is that the U.S. FED is hawkish first. As the annual growth rate of the U.S. CPI in March reached 8.5%, the highest in 40 years, the FED’s rate hike and balance sheet reduction will accelerate. Many FED officials also It is strongly advocated that the second rate hike by the FOMC in May is almost a foregone conclusion, and the pressure on US stocks has increased again, especially the growth stocks have been hit the most. Philadelphia Semiconductor has fallen below its previous low, which hurt Taiwan electronics stocks the most.
The second part is the economic outlook. The Russian-Ukrainian war caused a sharp rise in energy prices, which squeezed other consumption. Coupled with the outbreak of multiple epidemics in China, the continuous closure and control were cleared, and both production and consumption were hurt. Research institutions have lowered the sales of PCs and mobile phones, and the prospects of related industry chains have been clouded.
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