【Pre-market focus】111.08.09 Market analysis

Aug 9, 2022

US House of Representatives Speaker Nancy Pelosi visited Taiwan. Although the follow-up Taiwan stock market was affected by the CCP's military exercise, it did not turn into a military conflict. Thanks to the government's active efforts, Taiwan stocks held steady. With the gradual passivation of the interest rate hike issue, the passing of the US stock market heavyweight financial report and the passage of the US chip bill, market uncertainties have been reduced, but the US bond yield curve continues to invert, and recession fears linger. Fortunately, the US employment data is still strong. , the unemployment rate is also low, and finally US stocks were mixed last week.

In terms of Taiwan stocks, the market is worried about geopolitical uncertainty, which affects investor confidence. The market has a strong wait-and-see atmosphere and trading volume can shrink. However, the National Security Fund is preparing for the war. shares, weighted shares.

The market will focus on the consumer price index (CPI) in July this Wednesday, which is expected to ease compared with the previous one. Therefore, it is expected that the market will show a more volatile pattern this week; A more conservative outlook for the third quarter and the follow-up can be observed, and blue-chip stocks with low evaluation and stable profits can be observed. For the negative reaction to the more conservative outlook in the second half of the year, the asset allocation can choose concepts related to high-yield interest rates benefiting from the unblocking of the mainland Stocks, such as auto parts, green energy, servers, Netcom and HPC and other groups.