Affected by the slump in US stocks and the Dow Jones index falling below the 30,000-point mark, Taiwan stocks fell 818 points this week, a drop of nearly 5%, the largest weekly decline since mid-May last year, and foreign investment and investment trust are heavy. The legal person believes that the downward trend has not yet been reversed, and the bearish atmosphere is strong. Even if the rebound is deep, it can only be interpreted as a temporary technical rebound, and the market is difficult to continue.
The legal person pointed out that there were still more than 20 individual stocks that rose by more than 10% last week, and most of them were mainly low- and medium-priced stocks, indicating that some of the main players still intend to make accounts at the end of the second quarter. However, the market continued to be poor. Less for the next day, it is recommended that investors wait and see.
If you look at the chips of large legal persons, foreign capital has sold as much as 107.7 billion yuan in the concentrated market in the past week, and the investment letter has also sold more than 4.4 billion yuan. Large electronics stocks such as Taishin Gold, China Airlines, Evergreen, and AUO, while investment trusts are mainly sold in large non-electronics stocks, including Aviation Shuangxiong, Mega Gold, Sinosteel, Asia Cement, Xing Fufa, Evergreen and Yumin, 10 Only Innolux and Xinxing were among the top-selling electronic stocks.
In terms of amount, foreign capital continued to withdraw funds from TSMC with the largest amount of 36.7 billion yuan, MediaTek with nearly 14 billion yuan, Evergreen with nearly 7 billion yuan, and UMC with more than 6.3 billion yuan. Backhand to buy Chao Yuanta Taiwan 50 inverse 1, strong risk aversion.
The legal person reminds that the US stock market is in a bearish trend. Even if Taiwan stocks are interested in defending themselves, it is still difficult to support. If there is a deep rebound in the next week, it is not recommended to actively increase the weight when there are many international variables.
Yongfeng Investment Consultants said that since inflation and interest rate hikes have become trends, contraction is a problem that all industries have to face, so the outlook for companies and industries, as well as stock prices, must be conservatively evaluated.
Yuanta Investment Advisor mentioned that the four major U.S. stock indexes except the Dow Jones have reached the definition of a bear market with a decline of 20%. According to Bloomberg’s forecast, inflation has not yet peaked, and it may not weaken significantly until September. , that is, the Fed will still move in the direction of aggressive interest rate hikes in the short term, which will lead to a correction of stock price valuations and an increased risk of recession.
From a technical point of view, the monthly line that had turned upward has turned into a downward curve, and the weekly KD indicator has also turned and crossed downwards, and the support of the low point in mid-May is in jeopardy.