Taiwan stocks will face the battle of Wansi next week.

(file photo)

[Reporter Zhang Huiwen/Taipei Report] The US Dow Jones Index fell below the 30,000-point mark, writing a new low in the past two years. Many retail investors sighed in the stock page, "It seems that next Monday will be difficult." The legal person said that the Fed The firm's hawkish attitude, and even his remarks that he would fight inflation at the expense of the economy, caused US stocks to fall and Taiwan stocks to fall, and he may face a battle to defend the Wanquan barrier next week.

The broader market closed at 14,118.38 points yesterday. Foreign investors have sold over Taiwan stocks for 8 consecutive weeks. This week, they sold over 46.813 billion yuan. The cumulative amount of oversold this year has reached 1.21 trillion yuan.

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Liao Bingkun, manager of PGIM's Prudential Gold Balance Fund, pointed out that the Fed's rate hike of 3 yards is actually within the market's expectations, but because the Fed has made it clear that anti-inflation will bring "economic pain", economic slowdown and rising unemployment are inevitable. After the process, the stock market still failed to rebound after the FOMC meeting.

KGI also said that this time, Fed officials have a clearer consensus on interest rate expectations in 2023 than before, but their views on policy interest rates in 2024 are still relatively divergent, indicating that the uncertainty of future interest rate trends is still high. , if the policy interest rate exceeds market expectations again and tightens even more, it may lead to fluctuations in asset prices. It is recommended that investors should use a multi-asset strategy that is decentralized and not limited to specific investment themes and styles as the core of investment allocation.

Chen Xilun, manager of UOB's diversified special income balanced fund, said that in addition to affecting the stock market trend, the rapid rate hike by the US Federal Reserve will inevitably slow down the growth rate of demand. The possibility of recession cannot be completely ruled out. The market has reached an attractive range, but uncertainty about the future is expected to keep stocks volatile for some time.

The U.S. Dow Jones Industrial Average fell below the 30,000-point mark, falling to a nearly two-year low.

(Extracted from Chimo Stock Market)

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