Reported 12 months ago
Tech sector's retracement on July 1, 2024, at 4:10 p.m., affected various stock funds' capital flow momentum, with a notable weakness in the momentum. The previous week's inflow of over 10 billion dollars in US stock funds turned into a slight net outflow of 758 million dollars. Only Asia ex-Japan stock funds maintained a relatively gentle pace with a net inflow of 557 million dollars. Concerns over the US Federal Reserve's interest rate reduction, the upcoming US presidential election debate, and various global political risks continue to impact stock markets worldwide. Economic data suggests growth momentum continues, accelerating fund rotation as interest rate prospects remain uncertain. Focus is expected to shift back to corporate earnings and fundamental sectors with resilience. AI and semiconductor-related themes are likely to remain mainstream, led by large-cap tech stocks in the US market.
Source: YAHOO