投資理財，股市分享

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The Taiwan stock market closed higher today (16th) amidst fluctuations. The Taiex index ended up 141.39 points at 47,111.26, successfully reclaiming the 47,000-point mark. Today's market was characterized by 'large-cap stocks resting, small and mid-cap stocks showing strength.' The OTC index performed brilliantly, with transaction volume reaching NT$935.959 billion. 💡 Sector and Stock Highlights • TSMC Rests: Following its earnings call, market reaction was muted. TSMC (2330) closed down NT$20 at NT$2,420 today, suppressing the overall market's gains. • Small and Mid-Caps Surge: Funds flowed out of large-cap stocks and into small and mid-cap thematic stocks. The PCB, glass fiber cloth, and petrochemical sectors showed the strongest performance today. • Strong Gainers (Hitting Upper Limit): • Petrochemicals: Formosa Plastics (6505) hit the upper limit. • PCB/Flexible PCBs: Lwin-Sheng (3354), Taiflex Scientific (6269), Advanced Semiconductor Engineering (4939), and Taimide (8039) all hit the upper limit. • Glass Fiber Cloth: Fu-Chiao (1815) surged to the upper limit with massive volume. Overall, while the market leader TSMC is undergoing a short-term correction, the market excluding TSMC rose over 1.1%, indicating that bullish sentiment remains strong. Small and mid-cap stocks are taking the lead and showing lively activity.

U.S. stocks closed higher on Thursday (15th) as investors continued to assess the returns and financing risks of massive artificial intelligence (AI) spending, with funds rotating into other sectors like retail, driving the Dow up over 550 points and ending the S&P 500's three-day losing streak. Tech stocks stabilized after volatility, with the Nasdaq turning positive from a 1.4% intraday decline to close slightly higher. AI-related stocks were mixed, with AI cloud infrastructure provider CoreWeave rebounding. Nvidia CEO Jensen Huang stated that CoreWeave (CRWV-US) does not need financial backing from Nvidia, helping to alleviate the unease of 'some' investors.

1. Memory stocks plummeted this week, with SK Hynix down 26%, Samsung down 22%, and Micron down 11%. The market is concerned that the AI-driven rally may cool down. 2. China's CXMT announced new architecture server memory, raising concerns about market share threats. However, analysts question the mass production yield and the scale of new supply. 3. The market is also watching the risk of oversupply in 2029. Nevertheless, new factory construction takes 3 to 5 years, and analysts estimate that the shortage may not ease until 2028.

Record-breaking trading volume of NT$1.32 trillion. The Taiwan stock market opened lower and continued to fall on the 15th, plunging as much as 1,830 points intraday. It closed down 1,655.96 points (a 3.41% decrease) at 46,970 points, marking the sixth-largest closing drop in Taiwan's stock market history. The total daily trading volume surged to NT$1.3197 trillion (approximately NT$1.32 trillion), indicating an extremely fierce battle between bulls and bears. When facing such irrational panic selling waves, it's often the time when quality stocks get a big discount. "If you don't buy when it's heavily discounted today, when will you buy?" he stated bluntly. For medium to long-term investors, there's no need to be overly pessimistic when the market is in extreme panic. "Just get in," he advised, suggesting that investors can take advantage of significant market pullbacks to find oversold quality stocks and strategically allocate their investments.

The Taiwan stock market experienced a massive sell-off today (15th), closing down 1,655.96 points at 46,969.87 points, marking the sixth-largest point drop in Taiwan's stock market history. Here are the four key external negative factors that caused today's severe downturn in the Taiwan stock market: 1. US Inflation Re-emerges, Market Fears Renewed Rate Hikes • Data Exceeds Expectations: The US announced yesterday (14th) that the September Consumer Price Index (CPI) year-on-year increase rose to 3.7% (higher than the expected 3.6%); both the core CPI monthly and yearly increases also exceeded expectations. • US Treasury Yields Surge: The resurgence of inflation caused the 10-year US Treasury yield to rapidly climb to around 5.32%, and the 2-year yield also rose to 4.94%. • Rate Hike Probability Soars 2. AI Valuations Corrected, Philadelphia Semiconductor Index Down for 6 Consecutive Days • US Tech Stocks Bloodbath: Last night, the US Philadelphia Semiconductor Index plunged 4.3% (down for 6 consecutive days), and TSMC ADR fell 3.37%, causing Taiwan's AI-related sectors like semiconductors, assembly & testing, and PCBs to become targets for foreign investors' profit-taking today. 3. China Competition and Korean Market Meltdown, Domino Effect on Asian Tech Stocks • Memory Market Supply Crisis: Reports indicate significant technological advancements from China's CXMT and plans to launch server memory, sparking market concerns about price competition. Memory giants like Micron, Samsung, and SK Hynix are under pressure. 4. Geopolitical Risks and Soaring Oil Prices, Funds Seek Early Haven Before Elections

According to various foreign media reports, the US Bureau of Labor Statistics announced on Wednesday that the Consumer Price Index (CPI) for September rose 0.6% month-over-month on a seasonally adjusted basis, in line with Dow Jones economists' expectations. However, the annual increase was 3.7%, higher than the expected 3.6%. The data indicates that the cost of living in the US continues to rise, with inflation still far above the Fed's 2% target. The market widely anticipates that the Fed will need to further raise interest rates to curb inflation, dealing a heavy blow to stocks that have seen significant gains this year. Investors are also concerned that tech companies may be over-leveraging to fuel the AI boom. Oracle fell 8.85%, AI infrastructure company CoreWeave dropped 15.46%, and chip stocks saw further declines, with Micron down 4.08%, Sandisk down 5.33%, AMD down 5.73%, Intel down 4.56%, and Nvidia down 3.16%. Looks like the Korean stock market opening today will also be under pressure🙀

Taiwan's Weighted Index rebounded today (14th), closing up 284.52 points at 48,625.83, a gain of 0.59%. The market successfully shook off the gloom of yesterday's nearly 1,000-point plunge, reaching a high of 49,059.12 points during trading. 💡 Today's Market Focus • Major Cap Stocks Generally Supported: "Guardian God" TSMC opened higher and traded flat, closing at NT$2,490. Foxconn acted as a leading stock, rising about 1%. However, MediaTek performed relatively weakly, closing in the red. • Traditional Industries and Passive Components Shined: The electronics components sector showed strong performance, with funds flowing into sub-sectors like optical communications and passive components. Additionally, traditional industry stocks such as the 'Four Families' of Formosa Plastics, cement, and cables also rose in unison, injecting key momentum into the market's rebound. With support from major cap stocks, the Taiwan stock market has successfully initiated a rebound. Market focus will subsequently shift to the upcoming TSMC investor conference.

All four major US indices closed in the red, with the Philadelphia Semiconductor Index down 0.23%. Coupled with market rumors about advancements in memory chip technology by Chinese manufacturer CXMT, Micron's stock plummeted by 3.6%. However, the Taiwan stock market showed resilience today (14th), with the Taiex (加權指數) initially trading higher, even approaching the 49,000 mark intraday. By the end of trading, the gains narrowed, with the index closing up 284.52 points, or 0.59%, at 48625.83 points, on a turnover of NT$928.624 billion. The Taiex Growth Enterprise Market Index (櫃買指數), representing small and mid-cap stocks, also strengthened, closing up 5.82 points, or 1.40%, at 420.13 points, with a turnover of NT$228.238 billion. The decline in the four major US indices, particularly the 0.23% drop in the Philadelphia Semiconductor Index, put pressure on the Taiwan market. Taiwan Semiconductor Manufacturing Company (TSMC, 2330), the market heavyweight, closed flat at NT$2490. Market funds shifted to individual stocks like Nanya, Sinyo, and Yageo, creating a pattern where large-cap stocks consolidated while some electronic stocks showed strong performance. After opening, the Taiwan stock market demonstrated a rebound. The Taiex traded higher intraday before fluctuating at high levels. A noticeable selling pressure emerged towards the end of the session, causing the index's gains to shrink rapidly. However, it ultimately held above the 48600-point level. The GEM Index, on the other hand, was relatively stronger, trading higher intraday before maintaining a sideways trend at high levels, ultimately closing up 1.40%, outperforming the main board.

1. US retail investors are eagerly chasing short-term individual stock options, with daily notional turnover reaching approximately $700 billion, returning to the levels seen during the 2021 meme stock frenzy. 2. AAII's survey shows that retail investors predicting a stock market rise in the next six months have increased to 40.3%, with bullish sentiment nearing 2021 levels. 3. AI, chip, and space concepts are becoming new favorites. Charles Schwab clients are shifting to buying the Dow Jones U.S. Select Dividend 100 ETF, showing a cautiously optimistic stance.