The Taiwan stock market broke out during the Lantern Festival yesterday, with a heavy drop of 498 points in late trading, breaking the 10,000-600 mark in one fell swoop, and bursting out a huge amount of more than 400 billion. Analysts pointed out that foreign-invested sales exceeded 94.4 billion yuan, and Taiwan stocks fell only 498 points. It is estimated that Taiwan stocks should have fallen by nearly 1,000 points when foreign sales of 100 million yuan affect Taiwan stocks, highlighting that domestic-funded life insurance, investment trust, and private equity buying are quite active.
On the 26th, foreign funds withdrew Taiwan shares of 94.4 billion yuan, breaking the previous record of selling over 62.398 billion yuan on July 29, 2007. Among them, TSMC sold 63,000 copies, with about 38.953 billion yuan, followed by Hon Hai 6.380 billion yuan, UMC 3.893 billion yuan, and MediaTek 3.488 billion yuan.
After Taiwan stocks went straight to Wanliu, there were a lot of noises in the market. In addition to the doubts about the index rising too much, the financing balance exceeded 200 billion yuan and the net short order of foreign investment futures was also approaching 30,000, and market funds were in danger. It is not surprising that the U.S. Treasury yields soared by turning to the bond market.
U.S. Treasury yields plummeted by more than 3% on Friday and fell back to 1.4%. Investors rushed into technology stocks and chip stocks. Incentive fee half index and Nasdaq index rose 2.28% and 0.56% respectively. The Dow Jones index fluctuated sharply, and the end was big. It fell 469 points to close at 30932 points. As for the ADR part of Taiwan stocks, TSMC ADR fell 0.05%, while UMC ADR rose 0.82%.
U.S. technology stocks stabilized, TSMC air strike warning is expected to be suspended. The Business Times reported that the three leading Taiwanese stock teachers, including Li Xueshi, the general manager of Yongfeng Investment Co., Ltd., Chen Yiguang, the chairman of First Gold Investment Co., and Liao Jihong, the investment director of Kanghe Securities, believe that next week will be a buying point. Taiwan stocks will be at 15,500-15,600 points. With strong support.
Reason 1. Although Taiwan stocks plunged 498 points on the 26th, they did not smell the panic. There were 23 daily limits on the board, and there was no down limit for one level. A total of 457 levels rose.
The second reason is that the New Taiwan dollar still appreciates strongly and funds flow in.
Reason 3. The U.S. bond market, which has been long-term bullish, has soared suddenly, and it has been massacred by interested people. It is expected that the Federal Reserve (Fed) is not happy to see that after the short-term satisfaction point is reached, the interference of U.S. debt in the stock market will calm down.
The fourth reason is that the US will pass the 1.9 trillion rescue plan in mid-March, which is expected to encourage the stock market to rebound.
Reason 5. Foreign sales exceeded 94.4 billion yuan, and Taiwan stocks fell only 498 points. It is estimated that Taiwan stocks were affected by 1 point from foreign sales of 100 million yuan, and the decline should be close to a thousand points, highlighting that domestic-funded life insurance, investment credit, and private equity buying are quite active.
(Zhongshi News Network)
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