Reported 8 months ago
Following the Central Bank's warning, the overheated Taiwan stock market opened lower and fluctuated down by over 60 points on the 17th. Analyst Weng Weijie pointed out that the index dropping by less than a hundred points only signifies a 'structural adjustment' and 'short-term investors exiting,' and is still sporadic. Weng believes that despite the technical soundness of the market, 'excessive rise is the biggest negative,' cautioning about upcoming internal and external risks. The stock market is adjusting due to various factors including last Friday's speculative surge and conservative trends in US tech stocks, affecting investor confidence. Weng advises investors to monitor market responses and potential risks carefully, as uncertainty looms despite robust technical indicators.
Source: YAHOO