[Finance] Taiwan Stock Market Nears 48,000, Survey: Public Optimism and Risk Appetite Reach New Highs
bellala 央廣6h ago
After the Dragon Boat Festival holiday, the Taipei Stock Exchange opened today (22nd) with TSMC leading the way, quickly breaking through the 47,000-point mark and reaching a new intraday high, approaching 48,000 points. Cathay Financial Holdings also released the latest results of its National Economic Confidence Survey, showing that the public's optimism about the stock market and risk appetite index continue to rise, both reaching historical highs, indicating sustained optimism for the Taiwan stock market's performance. #Reported by Reporter Chen Lin-Hsing-hung#
The ceasefire and ongoing negotiations in the US-Iran war have boosted market optimism. Furthermore, the upward revision of capital expenditures by the four major global Cloud Service Providers (CSPs) in the US, coupled with increased demand for infrastructure, continues to drive upward revisions in profits for the Taipei Stock Exchange's related supply chains. On the 22nd, led by TSMC, the Taipei Stock Exchange broke through the 47,000-point mark shortly after opening, approaching 48,000 points.
Cathay Financial Holdings also announced the latest results of its National Economic Confidence Survey, conducted from June 1st to 7th. The results show that the public's optimism index for the current economic situation and outlook continues to rise. Moreover, after reaching a new high in May, the optimism index for the stock market and the risk appetite index continued to climb in June, setting new historical records.
Chen Chin-Chi, Associate Manager of Cathay Financial Holdings' Economic Research Department, pointed out that after profiting from the stock market, people's willingness to spend has increased. This survey also found that the index for the public's willingness to make large expenditures on dining out and travel, as well as on durable goods such as furniture and automobiles, has risen simultaneously. The index for large expenditure willingness has even reached a historical high. Chen Chin-Chi stated: "(Original sound) In addition to the stock market reaching a historical high, this month's latest survey also generally shows a more positive effect. Therefore, based on this information, consumption is continuously growing, and we can look forward to it optimistically."
The Taiwan stock market has risen by more than 60% year-to-date, and the public is also participating in the stock market by investing in Taiwan stock ETFs. Cathay Financial Holdings also conducted an intention survey on the public's investment in Taiwan stock ETFs. The results show that over 50% of the public invests in Taiwan stock ETFs primarily for long-term asset accumulation, while 16% invest for long-term dividend income, and 7% invest for risk diversification.
Additionally, regarding the public's plans for operating Taiwan stock ETFs in the coming year, 50% of respondents indicated they will buy and hold for over a year, 18% will maintain their current holdings, and 13% will buy and sell within a year. 54% of the public believes that the development of the AI industry will be the main factor influencing Taiwan stock ETFs in the next year, while 34% believe that Taiwanese corporate profits and economic conditions, as well as global stock markets and risk sentiment, are the main factors affecting the performance of Taiwan stock ETFs. (Editor: Hsu Chia-Yuan)
Source Link: https://www.rti.org.tw/news?uid=3&pid=215861
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