The Taiwan index futures hit nearly 250 points and broke 15,200 points.

With the Federal Reserve (Fed) accelerating its pace of interest rate hikes, the market is worried that the U.S. economy may fall into recession. The four major U.S. stock indexes fell sharply at the opening of this (16) day, and even plummeted 5%, giving back all gains since the end of 2020. , the Taiwan index futures also fell by nearly 250 points, breaking 15,200 points, the legal person expects, the Taiwan stock market may fall below the previous low of 15,616 points support tomorrow.

The Dow Jones fell more than 700 points today, hitting a new low since the end of January 2021. The S&P500 also fell by more than 110 points, rewriting the new low in early December 2020. The Nasdaq also fell nearly 400 points, hitting a record low since the end of September 2020. The new bottom, coupled with the slump in Feihan, shows that all the four major indexes have given up all the gains made until last year.

Observing the ADR of Taiwan stocks, it showed an overall decline. TSMC tumbled nearly 5%, temporarily closing at $84.78, rewriting the new low since November 2020. UMC also fell by more than 4%, but it has not yet fallen below the previous low, and its performance is relatively supportive.

Looking ahead to the market outlook of Taiwan stocks, the legal person believes that although Taiwan stocks rebounded in early trading today, the market’s confidence in holdings is weak, the upward selling pressure is quite heavy, and the overall willingness to chase prices is weak. With the overall economic outlook uncertain, the global stock market may continue to bottom. , it is not expected that there will be a significant rebound in the short term.

In addition, due to the resurgence of the domestic epidemic in mid-April, the pace of recovery of the domestic demand service industry has been suppressed, and the global economic expansion has slowed down. At the same time, the annual growth rate forecast of CPI and core CPI for this year was raised to 2.83% and 2.42% respectively.