Reported about 1 year ago
Fed Chairman Powell's 'Dovish' stance caused Taiwanese stocks to surge by 231 points on July 3, surpassing the 23,000-point mark. Huang Wenqing, Deputy Head of Research at Taiwan New Investment Consulting, mentioned that favorable Fed rate opinions and a rebound in tech stocks helped stabilize market confidence, resulting in a 'stable market amid volatility.' However, caution is advised due to the large deviation from the seasonal line, with smaller stocks in the supply chain likely to see more gains before TSMC's analyst meeting on July 18. Strategies focusing on AI prospects, June revenues, and cautious trading were recommended by Huang, who remains relatively optimistic about the market.
Source: YAHOO