According to a survey conducted by Cathay Financial Holdings, more than half of the public expects that the Taiwan stock weighted index will have a high in the range of 14,000 to 16,000 in the first half of 2023, and a low of below 13,000.
(Provided by Cathay Gold)
[Reporter Wu Xintian/Taipei Report] The turmoil in the international market and the large fluctuations in Taiwan stocks have caused people's stock market optimism and risk appetite to decline significantly. According to a survey by Cathay Financial Holdings, more than half of the people expect that the high point of the weighted index of Taiwan stocks in the first half of 2023 will be Between 14,000 and 16,000, the low point may fall below 13,000.
Cathay Financial released the national economic confidence survey for January today. The results show that the public's prosperity outlook index has declined, and the willingness to spend large sums has simultaneously cooled.
The business climate outlook index dropped from -8.8 in December to -29.3, and the current situation index also fell from -23 to -41.3; the large-scale consumption willingness index dropped from 9.5 to -2.5, a considerable decline.
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Since last year, the world's major economies and the Ukrainian-Russian war have been continuously affected by risks, the international market has been turbulent, and the trend of Taiwan stocks has fluctuated greatly.
The results of this month's survey show that the public's optimism index for Taiwan stocks has dropped sharply from 1 in December to -20.6, and the risk appetite index has dropped from 3.9 in December to -1.8.
The public expects the high point of Taiwan stocks in the first half of 2023. Nearly 60% of the people believe that the high point of the weighted index of Taiwan stocks in the first half of 2023 will be in the range of 14,000 to 16,000; 65% of the people expect the weighted index of Taiwan stocks in the first half of 2023 to be low Points may fall below 13,000.
The survey also shows that the public’s average expectation for Taiwan’s economic growth rate in 2023 is 2.2%, which is lower than the 2.75% estimated by the Bureau of Statistics and Statistics; 1.86% of the forecast by the General Office.
In terms of housing transaction surveys, the housing willingness index rose slightly from -21.6 in December to -19.3, while the housing willingness index dropped slightly from -53.6 to -57.8.
The survey was conducted from January 1st to 7th, 2023. Email questionnaires were sent to members of Cathay Life’s official website and Cathay United Bank customers, and a total of 19,962 valid questionnaires were successfully collected.
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