The morale of Taiwan stocks is like a rainbow. This year, it has risen by more than 10%, ranking second among Asian stocks.

(Photo by reporter Wang Menglun)

[Reporter Wang Menglun/Taipei Report] Taiwan stocks launched a big counterattack this year!

Taiwan's stock market, which originally ranked "third from last" in Asian stocks last year, has risen by 10.36% in 2023 until this Friday (3rd), leaping to the second place in Asian stocks, only slightly losing to South Korea (up 10.91%) ), throwing away the haze of last year's poor performance; especially, foreign capital has "buy 14 consecutively" so far, with an amount as high as 250.3 billion yuan. The silver bullet of capital will help the bulls of Taiwan stocks to attack.

In 2019, 2020 and 2021, Taiwan stocks have risen by more than 20% for three consecutive years, and the growth rate is even ahead of other countries, maintaining the first or second place in Asian stocks. The impact of such negative factors has caused the performance of Taiwan stocks to plummet. Last year (2022), the annual decline reached 22.4%, which was only better than South Korea's decline of 24.89% and Vietnam's decline of 32.78%, ranking third from the bottom of Asian stocks.

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However, last year’s stock market index fell a lot, and this year, it will immediately “recover.” In particular, after the Spring Festival holiday, Taiwan’s stock market opened on Monday (January 30) with a surge of 560 points and a daily increase of 3.76%. , respectively won the first place in the Asian stock market and the global stock market.

Immediately afterwards, on Wednesday (February 1) and Thursday (February 2), Taiwan stocks also ranked first in single-day gains in Asian stocks for two consecutive days.

If we look at it this year, according to statistics, as of February 3, Taiwan stocks rose as high as 10.36%, ranking second in Asian stocks, overtaking Hong Kong up 9.5%, Vietnam up 6.96%, China Shanghai up 5.64%, Japan rose 5.43%, Singapore rose 4.09%, Thailand rose 1.18%, Indonesia rose 0.89%, and Malaysia fell 0.34%.

In this regard, the director of an investment advisory company said bluntly that since the beginning of this year, Taiwan stocks have only lagged behind South Korea among Asian stocks. In fact, South Korea’s stock market also fell 24.89% last year, and it was also massively oversold by foreign investors. "; Today, the stock markets of Taiwan and South Korea have performed brilliantly. On the one hand, they have rebounded from oversold and made up for the lagging behind.

In addition, Goldman Sachs recently upgraded the investment rating of Taiwan stocks to "neutral", and the target index increased from 14,700 points to 16,200 points, warming up the bulls of Taiwan stocks.

According to the analysis of Yongfeng Investment Consulting, due to the sharp rise of the domestic stock market, it has established a bullish start in 2023. Although the economy is not clear, the financial environment is in a good direction. First, the US Federal Reserve FED is facing continuous downward inflation. Insufficient Qi.

Second, China's epidemic prevention policy has been greatly adjusted, and domestic demand will soon recover.

The third is the change in the attitude of foreign capital. In 2023, they will start to buy more and more Taiwan stocks. This will undoubtedly provide a big supplementary pill of funds, which will help Taiwan stocks to attack the silver bullet in the future market.

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