Lin Jianliang, manager of the Federal Investment Trust Golden Diamond Balanced Fund (provided by the industry)

Lin Jianliang, manager of the Federal Investment Trust Golden Diamond Balanced Fund

Since the U.S. Fed announced a 3-yard rate hike in September and expressed its determination to continue to suppress inflation, the stock market and bond market fell across the board. The three major indexes in the first nine months hit their worst record since 2002, and international funds flowed to the U.S. dollar.

Coupled with the constant international bad news, such as interest rate hikes, energy production cuts and wars, the stock market will take longer to digest.

The more far-reaching part is that high inflation continues to disrupt the market, and the Fed continues to raise interest rates to respond to the inflationary environment and cool the economy, which has raised fears that the U.S. economy will fall into recession.

From the perspective of the market situation, Taiwan stocks have recently been attacked by domestic and foreign negatives. There is a referendum in Ukraine. The market is worried that the war will expand and the United States will fall. It will also affect the performance of Asian stocks such as Japan and South Korea. Abandoning the negative impact such as the plan to increase production of new machines, after the weighted index opened flat and low on Wednesday, selling pressure emerged and Taiwan stocks fell across the board. It hit a new low; although the counter-buy index did not fall below the previous low point in July, it fell by 4.69%, much higher than the 2.61% drop in the weighted index, and the financing bills dropped sharply by 2.6%, showing that domestic capital is also rapidly withdrawing from the stock market.

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From the perspective of stocks, regardless of electronics or traditional production, stocks including financial, server, Netcom, shipping, and automobile industries rotate rapidly, and the market changes and fluctuations increase.

Due to the recent continuous slump in the stock market, under the steady rebound of US stocks yesterday, most of the stocks rose in early trading, but after the index opened higher, selling pressure emerged. Cement, financial stocks and other stocks fell, and electrical appliances, shipping, tourism, etc. were the key points of support.

In the follow-up, you can focus on related topics including tourism and aviation groups. The national gate is about to open. The current quarantine measures are changed to 0+7. It is expected that international business travelers will return one after another.

Catering and tourism have benefited from the continuous recovery of the catering industry in the era of the epidemic. It is expected that the fall and winter will bring about an increase in operations. There is a lot of room for imagination on 5G/electric vehicles and third-generation semiconductor themes.

The auto industry has benefited from the recovery of demand in the Chinese auto market due to the introduction of the auto consumption stimulus policy.

Taiwan stocks have reversed downward since August 22. They are mainly worried about the follow-up interest rate hike policy of the Fed and the worries of economic recession, which have caused the market price to fall below the low point held by the previous wave of Guoan Fund. Investors' confidence in entering the market.

From the perspective of capital chips, at present, only the investment trust continues to buy over, while the foreign capital and self-operated business continue to stand on the seller side.

In the short term, the broader market will still be affected by the Fed’s interest rate hike policy and the impact of the global economy. The downward volatility of the market trend will increase, and the rotation of stocks is still fast, and most of them are the performance of individual stocks. Stocks with bright and technically strong positions posted dips.

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