Reported about 1 year ago
Yong Feng Investment Chief Investment Officer Lin Yongxiang reported on June 15, 2024, that the US May Consumer Price Index (CPI) pleasantly surprised with a year-on-year growth rate of 3.4%, lower than the expected 3.5% and the previous 3.6%, marking a new low in three years. With the cooling US inflation data, the possibility of a rate cut by the Federal Reserve has increased, reigniting market hopes for a rate cut. In Taiwan, the overall judgment score of the economic policy signal in April announced by the National Development Council was 35 points, changing the signal from green to yellow-red for the first time in 26 months, indicating a gradual economic recovery. The stock market has responded positively to these developments, with Weighted Index surpassing 22,000 points and Taiwan stocks surging due to the sluggish US CPI data, particularly driven by technology stocks such as TSMC. Additionally, the upcoming introduction of Apple Intelligence at the Apple Worldwide Developers Conference (WWDC) is expected to boost interest in the new iPhone models and related concept stocks. Investors are advised to remain cautious about the stock market's record highs and consider diversifying investment portfolios into bonds for stability during this bullish market.
Source: YAHOO