The Taiwan Index futures fell 1,144 points in overnight trading, and Taiwan stocks will stage a season-long defensive battle next week. (File photo)
[Reporter Zhuo Yijun/Taipei Report] There are market rumors that hedge fund VARA is subject to forced liquidation due to a possible liquidation of its heavy holdings in AI concept stocks. Oil prices have soared again, triggering panic in the market. The Philadelphia Semiconductor Index in the United States has fallen for 8 consecutive trading days, and fell 3.83% yesterday. AI-related concept stocks were violently sold, and the market questioned the high level of the AI industry. In the leveraged financing model, CoreWeave, an American AI cloud computing company invested by Huida, plunged nearly 12% yesterday. The Taiwan Index futures plunged 1,144 points in night trading, and the 46,000-point mark is in danger. Taiwan stocks will be under great pressure next Monday, and may stage a quarterly defense battle. The legal person recommends that in the short term, wait and see and wait for U.S. stocks to stabilize before bargaining.
This week, due to the deterioration of US CPI and PPI inflation data, technology stocks have become the target of public criticism. TSMC (2330) failed to perform "one person saves the whole village" after the meeting. Taiwan stocks fell 2,202.18 points this week, a drop of 4.46%. Foreign capital slashed Taiwan stocks by 5,862.2 points this week. 800 million, Taiwan stocks pulled back more than 3,173 points in just 6 days from last week's record high of 49,968.92 points, breaking the monthly line. Yesterday, TSMC's ADR plunged 2.28%, Micron fell 5.63%, chip stocks all collapsed, and Taiwan stocks may once again collapse by a thousand points next Monday.
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The Taiwan stock investment team of Allianz Investment Trust said that the recent market is still disturbed by economic factors such as geopolitical risks in the Middle East and high fluctuations in U.S. bond yields, and investor sentiment is biased towards caution. However, as the noise of the Federal Reserve raising interest rates gradually fades, the market focus is expected to return to corporate profits and industry fundamentals.
Xiao Huizhong, manager of Allianz Taiwan Dam Fund and Allianz Taiwan Technology Fund, said that from the perspective of Taiwan stock chips, market funds are still focusing on AI-related beneficiary industries, corporate profits continue to be revised upward, AI demand has become the largest growth driver, and the main axis of AI investment has not changed. In the future, we can still pay attention to PCB, ABF carrier board and liquid. Business opportunities are cold; in the fourth quarter, you can pay attention to whether the improvement in corporate confidence is further reflected in orders, output and employment data, and whether the inflation trend affects the subsequent policy direction of the world's major central banks; in addition, during the financial reporting season, you need to observe whether investments in AI, digital infrastructure, energy transformation and automation have gradually turned into substantial profits.
In terms of layout strategy, Xiao Huizhong said that the overall configuration is still based on the AI core supply chain, focusing on IP/ASIC, advanced processes and packaging and testing, PCB/CCL, AI server components, optical communications and other groups. It will also continue to pay attention to opportunities for the recovery of the traditional industry such as plasticization, flexibly adjust the investment portfolio, and seize industry growth opportunities.
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