Taiwan stocks hit a new high last Friday, pointing to the "thousand-six" mark. However, the problems of European and American banks need to be closely monitored. This week, it will enter the end of the credit investment season for accounting and settlement. Investors still need to pay attention to the risk of retracement.
[Reporter Zhuo Yijun/Taipei Report] The European and American banking industry has experienced bad news. The market recently pointed out that the risk of the collapse of Deutsche Bank in Europe has increased. Recently, the banking industry in Europe and the United States has been quite turbulent, and the volatility of the stock market has increased significantly. Taiwan stocks reached a new high last Friday, pointing to the "thousand-six" mark. However, the problems of European and American banks need to be closely monitored. Checkout, investors still need to pay attention to the risk of retracement.
Facing the banking crisis in Europe and the United States, and the US Federal Reserve’s emphasis on not cutting interest rates this year, Taiwan’s stock market outperformed other stock markets and hit a new high in the band. It rebounded nearly 700 points in the short term. Foreign investors recently bought more than 46.845 billion in Taiwan stocks last week. Yuan, becoming the biggest booster for Taiwan stocks in this wave.
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Sun Chuanshu, fund manager of PGIM Prudential, pointed out that the US personal consumption expenditure index (PCE) for February, which will be announced at the end of the month, will be one of the key data that the market will pay close attention to. The rapid tightening of funds has deepened doubts about the prospects of corporate development and economic activities, which in turn has triggered a series of recent financial turmoil in the European and American financial industries.
Sun Chuanshu believes that the P/E ratio of Taiwan stocks once fell to a low level below 10 times last year. Since the rebound in October last year, the P/E ratio of Taiwan stocks has risen to 15.7 times, which is in line with the long-term average of 15.4 times. It is expected that there will be a slow rise in the future. Funds will focus on groups with themes, including semiconductors, servers, high-speed computing, data centers, new energy vehicles, and China's domestic demand. In addition, blue-chip stocks with high dividends are also worthy of attention.
Qunyi Oscar Fund Manager Du Xinpei said that after the U.S. banking turmoil and the Credit Suisse crisis, the probability of a violent U.S. interest rate hike has dropped significantly, and the long-term view of Taiwan stocks returning to bulls remains unchanged, but based on the recovery of various industries and growth trends Different, you should choose the target industry and group carefully. It is recommended to pay attention to growth industries and stocks and make long-term investments. You are optimistic about advanced semiconductor manufacturing processes, IC design with improved specifications, silicon intellectual property, automotive electronics, and cloud servers. Unblocking China and Taiwan Related to domestic demand, and new applications such as energy storage, e-books, metaverse, etc.
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