Reported 8 months ago
In June 25, 2024, U.S. stocks continue to lead the surge in Taiwan stocks, with overseas stock ETFs performing strongly and attracting investors to engage in zero shares trading on dips. Statistics show that the trading volume of zero shares in 61 overseas stock ETFs has exceeded NT$3.5 billion this year, mainly focusing on AI and other technology industry funds. The top ten overseas stock ETFs with the highest zero share trading volume have a total trading value close to NT$2.6 billion, with seven of them focused on AI technology industries. Investors' preference for zero shares is evident, especially in ETFs like Uni-President FANG+ (00757) and Cathay Semiconductor, which are highly related to AI. Investment professionals suggest long-term bullish trends in AI industries and recommend utilizing zero shares for cost-efficient investments. Despite varying performance among the top ten overseas stock ETFs in zero share trading, the core long-term trend remains in the AI industry, emphasizing the importance of selecting upward trending targets. Although tech stocks have seen significant gains this year, the evaluation remains reasonable as profit growth has increased noticeably. With developed countries adopting loose monetary policies and profit growth yet to fully reflect in stock prices, there is still room for tech stocks to rise. Future rate cuts are expected to boost tech stock valuations, increase market liquidity, and ignite capital flows, further supporting bullish trends. The recent price decline of Nvidia does not diminish the global trends of AI industrialization and industrial AI transformation, benefiting Taiwan's semiconductor supply chain as a key partner for European and American tech giants. Moreover, the launch of new global tech products in the second half of the year could trigger a wave of consumer upgrades and advance manufacturers' procurement, potentially catalyzing the next wave of tech ETF growth.
Source: YAHOO