Market Situation/PCB, Financial Bullish Support
United News Network
September 2, 2024
Author Economic Daily/Wu Yuliang (Chief Investment Officer of Federal Investment Trust)
September 2, 2024
Author Economic Daily/Wu Yuliang (Chief Investment Officer of Federal Investment Trust)
Market situation analysis
The weighted index fell 32 points yesterday (2nd) to close at 22,235 points, with trading volume shrinking and still staying above the quarterly line. The weighted index once fell to 19,662 points in early August and then rebounded sharply to more than 2,500 points and remained at a high level of volatility.
Coincidentally, the Nasdaq Technology Index and the S&P 500 Index in the United States have both shown strong rebounds. The Dow Jones Index has repeatedly hit record highs. Financial stocks and traditional blue-chip stocks continue to lead U.S. stocks higher. That is to say, the global economy maintains a positive expansion phenomenon, which leads global financial stocks and blue-chip stocks in the world to continue to rise. The continued improvement of fundamentals is the best support.
investment advice
Yesterday, electronics stocks also saw some profit-taking as stocks rotated. Among them, advanced packaging saw a correction of nearly 2% after rising 25% in a month. Container shipping corrected more than 2%. On the contrary, metal processing rose by 4.4%, solid-state capacitors by 3.5%, and 3D sensing by 2.3%. The upcoming Semiconductor Show and the launch of iPhone 16 sales are expected to help related stocks. It is recommended to buy semiconductor equipment, PCB, and financial stocks.
Related links: https://udn.com/news/story/7251/8201972
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