Looking forward to the market outlook, since the US midterm elections and Taiwan stocks have a high probability of rising in the fourth quarter in history, the market is expected to continue to rebound before the end of the year.

(File photo, photo by reporter Wang Menglun)

[Reporter Wang Menglun/Taipei Report] According to statistics, Taiwan stocks rose by 14.28% in one month (11/2~12/2). Is there still room for performance before the end of this year?

Investors in the credit industry said that looking forward to the market outlook, the market is expected to continue to rebound before the end of the year due to the high probability of rising in the fourth quarter after the U.S. midterm elections and Taiwan stocks.

The Financial Supervisory Commission announced the net inflow of foreign capital this evening, setting a record for the same period in history, with an amount of US$92.2, which greatly boosted the morale of the bulls in the Taiwan stock market!

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Regarding the end-of-year market for Taiwan stocks, Shen Jianhong, manager of Taishin 2000 High-Tech Fund, said that three major variables need to be paid attention to before the end of the year, including: 1. Will the inflation data in the United States be able to effectively cool down? Will the Fed’s interest rate hike slow down after December? 2. 1. The follow-up changes in the Russian-Ukrainian war, and whether the risks in Europe can be controlled; 3. Whether China’s Double 11 promotion season meets expectations, and the outlook for corporate financial reports and legal statements.

Shen Jianhong believes that looking forward to the market outlook, historically after the U.S. mid-term elections and in the fourth quarter, Taiwan stocks have a high probability of rising. Therefore, front-end stocks have the opportunity to continue their rebound at the end of the year.

However, it should be noted that inventories of semiconductors and technology products are still being revised, and the profits of Taiwanese stock companies are still in a cycle of downward revision. Therefore, even if there is a high probability that Taiwan stocks will rebound from deep declines, it is expected that Taiwan stocks will rebound in the fourth quarter. The weighted index is still in the process of bottoming out repeatedly.

In terms of stock operations, Taishin Investment Trust pointed out that even if the growth of Taiwan stock companies slows down in the market outlook, there are still some industries in the growth stage. It is expected that funds will be concentrated in related industries, and the subsequent performance of related stocks is expected to outperform the Taiwan stock index.

Taishin Investment Trust is also optimistic about the stocks of 7 major groups: first, the supply chain of automobiles and electric vehicles; second, stocks that benefit from the unblocking of the economy such as aviation, aerospace, retail, etc.; Technology group; No. 5, server and data center supply chain; No. 6, renewable energy and No. 7, sub-groups with oversold stock prices due to falling systemic risks, and have both high dividends and industrial growth.

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