On the morning of October 29, 2024, You Ting-Hao analyzed the latest dynamics of the U.S. stock market and their potential impact on Taiwan's market in his live show "Morning Financial Insights." He indicated that TSMC's American Depository Receipts (ADR) fell by 4% due to market reevaluation of Trump's chances of returning to the White House. While the overall U.S. stock indices showed little change, Trump's rising poll numbers to a 66% chance have significantly influenced market sentiment. You believes that the selling pressure TSMC faces is not coincidental but influenced by political factors, especially under conditions of geopolitical and trade tensions. Despite foreign investors previously raising TSMC's target prices, they have suddenly shifted to selling, leading to doubts among investors about the trustworthiness of foreign capital. He emphasizes that investors should closely observe the forthcoming financial reports and the changes in foreign investors' positions to make informed investment decisions based on the overall economic situation, rather than solely on political factors.
*
hawa bundu helped DAVEN to generate this content on
10/29/2024
.