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Taiwan Stock Market Faces Double Threat from Internal and External Worries: Foreign Investors Sell NT$78.2 Billion, Market Closes in the Black for Two Days Straight

Taiwan stocks are under double threat from internal and external worries. Foreign investors sold more than NT$78.2 billion yesterday (17th), the third highest in history, pushing the market even lower.periodIn settlement, the Taiwan stock market closed in the black for two days in a row, breaking the quarter line and 17200 points support. The short side showed signs of strengthening. In addition, the four major U.S. stock indexes all closed in the black on Wednesday (17th). TSMC said today that if it cannot Boosting the morale of bulls, the index may dip lower in the short term.

Taiwan stocks closed down 185 points yesterday, closing at 17161 points. They fell 385 points in two consecutive days. Foreign investors oversold Taiwan stocks for three consecutive days by as much as 132.442 billion yuan. In January, they turned to oversold by 156.849 billion yuan. Policy support was urgent. As a matter of urgency, the eight major public banks bucked the trend and bought about NT$13 billion of Taiwan stocks, the sixth highest amount in history.

In terms of U.S. stocks, U.S. retail sales data offset expectations for an interest rate cut by the Federal Reserve,10-year U.S. Treasury yieldRising to this year’s high, the four major indexes all fell on Wednesday.Dow JonesIt fell another 94.45 points, and the S&P fell 26.77 points.that fingerIt closed down 88.73 points or 0.59%,half feeAlso receive black.

In the market news section, Xu Shengxiong, chairman of Compal, a major OEM, pointed out that in addition to PCs, Compal is actively investing in new businesses, including automotive electronics, 5G and smart medical care, which will be Compal’s important growth drivers. General Manager Weng Zongbin mentioned that M&A (mergers and acquisitions) will also be the focus this year.

Hon Hai will join hands with India’s HCL Group to set up a professional packaging and testing foundry in India; Hon Hai will invest US$37.2 million (approximatelyNew Taiwan Dollar 1.17 billion) and acquired 40% equity of the newly established company.

GlobalWafers GmbH, a wholly-owned German subsidiary of the major silicon wafer manufacturer Global Wafers GmbH, completed 345.2 million yuan on the 16th German time.EUROverseas corporate bonds with stock options are priced. The exchange target is the Siltronic AG shares held. The initial exchange price is 111.34 per share. EURa premium of about 30%.

2024-01-18 00:18:27
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