The Taiwan stock weighted index fell 5.23 points at the end of the session yesterday, closing at 14734.13 points, successfully holding the monthly line, with a trading volume of about 194 billion yuan.

(file photo)

[Reporters Zhuo Yijun, Hong Youfang/Comprehensive Report] US Federal Reserve (Fed) Chairman Jerome Powell raised the "hawk" and raised the terminal interest rate next year, and predicted that there is no hope of cutting interest rates next year, causing the US stock market to fluctuate violently.

Taiwan stocks also opened lower yesterday morning. Fortunately, TSMC (2330) staged interest-filling market. Taiwan stocks once turned red. Small and medium-sized stocks struggled to break through. Shipping, tourism, military industry, and board groups supported the market. The weighted index fell slightly at the end 5.23 points, closing at 14734.13 points, successfully holding the monthly line, with a trading volume of about 194 billion yuan.

U.S. stocks plunged the day before yesterday due to Powell's "hawkish" remarks, and Taiwan stocks opened relatively under pressure yesterday.

TSMC fluctuated around the flat market. IC design leader MediaTek (2454) was downgraded by foreign investors from the United States. The stock price fell 5.15% yesterday. Parade-KY (4966) strengthened for two consecutive days due to foreign investors calling for buying.

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Since TSMC switched to quarterly dividend distribution in 2019, it has successfully completed interest filling for the past 13 ex-dividends, of which 9 times were completed quickly on the ex-dividend day, and the longest interest filling time was 15 trading days.

Although TSMC will face off-season operations in the first half of next year and the high cost of U.S. factories, foreign investors are still optimistic about long-term development and have bought more than 2 days in a row.

Funds pour into small and medium-sized stocks to break through

Recently, market funds have poured into small and medium-sized stocks, and the theme of military industry has become hot again. Hecheng (1810), Leihu (8033), and Jinggang (1584) have their daily limit.

The board and card group strengthened for two consecutive days. Leadtek (2465) pulled out the second daily limit, and Gigabyte (2376) and Xunxun (6150) once reached their daily limit.

Tourist groups spewed out strongly, and individual stocks related to travel agencies such as Xiongshi (2731), Wufu (2745), Phoenix (5706) rushed to the daily limit with volume.

The shipping group is led by Bulk Shipping Yumin (2606) and Huiyang-KY (2637), and the three heroes of containers are going up.

U.S. stocks fluctuate, Taiwan stocks are at risk of retracement

The legal person pointed out that Powell's speech showed that the United States has no hope of cutting interest rates next year, and the economic fundamentals have not yet bottomed out. In the short term, US stocks may continue to fluctuate and digest relevant monetary policy messages.

If U.S. stocks fail to strengthen again, there is still a risk of a pullback in Taiwan stocks, and investors should be more vigilant.

The three major corporations sold a total of 2.6 billion yuan in Taiwan stocks yesterday, of which foreign investors sold more than 1.22 billion yuan, investment trust bought more than 320 million yuan, and self-employed traders sold more than 1.7 billion yuan.

Foreign capital futures net long orders increased by 772 contracts yesterday, and the accumulated foreign capital futures net long orders were about 5572 contracts.

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