U.S. Stocks and Taiwan Index Futures are Expected to Follow up Index Rebounds

Last week, Taiwan stocks fell nearly 700 points in a single week due to the dual control of China’s energy consumption, the imminent reduction of the US balanceand the stalemate of the US debt ceiling. 100 million yuan, but as US stocks closed up, leading the Taiwan Index to rise in the night trading, the index is expected to rebound deeply.

On the 1st, U.S. stocks were inspired by the positive news of Merck’s new covid-19  oral drug clinical data. All the four major indexes closed in red. The Dow Jones rose by 482.54 points, the Nasdaq rose by more than 100 points, and the S&P and fees rose by 1.15% and 0.09 respectively. %.

In terms of market news, the semiconductor industry chain continued to increase prices in the fourth quarter, with wafer duo TSMC and UMC rising by 10%, up to 20%; in terms of chips, the demand for power management ICs and driver ICs is still high-end, and some items are also reported The company is negotiating with customers to increase the price.

Chi Mei Industrial, the major shareholder of Innolux, a panel manufacturer, has recently released shares. According to the public information observation station, Chi Mei Industrial has sold more than 183,700 in the past two months as of September 29, and sanctioned losses of 1.114 billion yuan. Arousing market discussion, the shareholding ratio has also dropped to 0.83%, retiring to the top ten shareholders.

With the expansion of China’s energy consumption dual control policy, coupled with factors such as high international copper prices, the domestic cooling duo Shuanghong and Nidec Chaozhong have successively issued price increase notices to customers, and new orders have increased by approximately 5% to 10%. The heat dissipation industry has become the first Taiwanese electronics industry group to raise prices under the dual-control effect of this wave of energy consumption in the mainland.

China’s electricity curtailment ignited the paper industry’s shutdown and price hikes. The industry estimates that the production of various paper types will be reduced by approximately 700,000 tons from September to October. The second wave of price increase letters in the month followed, and the domestic papermakers Zhenglong, Yongfengyu, and Rongcheng mainland plants are expected to be close to the big Chinese manufacturers to raise their quotations for the second time.

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U.S. Stocks and Taiwan Index Futures are Expected to Follow up Index Rebounds - /10

Summary

Last week, Taiwan stocks fell nearly 700 points in a single week due to the dual control of China's energy

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