Taiwan stocks today (20th) are not supported by mainstream weight stocks. Steel and transportation stocks have broken the bottom, and financial stocks have hit the bottom again. The weighted index fell 273.68 points at the end and closed at 15367.58 points. Not only today The lowest point, more backtested to the low point of 15159 on May 17, 2021, with a trading volume of 264.99 billion yuan.
The weight stocks are generally weak today. TSMC still lost 500 yuan in the late trading. At the end, it fell 3 yuan and closed at 498 yuan. However, TSMC was not the focus of the market, and the decline in the broader market was only about 25.9 points; the rest of the weight stocks, large Liguang fell 3.28% to close at 1,620 yuan, while Hon Hai edged down 0.5 yuan to close at 109 yuan.
It is worth mentioning that among the green electronics stocks, Silicon Power-KY rose by more than 2%, and MediaTek also rose by more than 1% against the trend of ex-dividend.
Among the transportation stocks in the hardest hit area today, Hanxiang tumbled and fell by the limit. Among the three container companies, Wanhai and Evergreen both fell by more than 8%, and Yang Ming also fell by more than 6%; bulk shipping was also weak, with Xinxing and Yumin falling by more than 7%; AVIC also fell more than 8%, weighing on the transportation index to drop 7%, making it the weakest stock on the disk.
Steel prices are still affected by factors such as inflation, geopolitics and other factors, and demand is weak, impacting the stock price of steel stocks frequently breaking the bottom. Bronze, Jiada and Yehui were also weak.
Financial stocks also turned black and dived in late trading. Taiwan Enterprise Bank fell more than 3% and was the weakest. Development Gold, Heku Gold, Cathay Gold, and Yongfeng Gold all fell more than 2% in the end.
On the whole, after the Fed’s three-yard rise in June, it is expected to raise interest rates again in July. The interest rate hike will lead to the ebb of funds. The short-term market has caused foreign capital to pull out one after another. The rise of the stock has almost retreated, and the short-term signal to stop the decline has not yet emerged. In addition, the overall external environment is not good, and it is advisable to operate with caution.