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Trump changed his attitude toward the rescue. He tweeted that he was “ready to sign” the $ 1,200 economic stimulus verification plan for Malaysians, and said the Senate and House of Representatives should “immediately pass” the airline industry salary support plan and the salary protection plan for SMEs. The Dow Jones closed up 530.7 points on Wednesday, the biggest gain since July.
Among them, TSMC’s ADR increased by more than 4.5% to a new high, encouraging today’s spot gap to widen and widen by more than 2.2%. Coupled with Largan’s deep rally, the stock price rose nearly 5%, prompting the index to keep climbing, eventually climbing 140.82 points to close. 12,887.19 points, a turnover of 208.7 billion yuan, a weekly increase of 371.58 points.
According to foreign news, US Treasury Secretary Manukin spoke with House Speaker Pelosi on Wednesday to discuss an independent aviation rescue plan. After renewing hope for the support plan, American Airlines was up nearly 4%, United Airlines was up more than 3%, Delta Airlines was up more than 2%, and Southwest Airlines was up more than 2%.
TSMC ADR rose more than 3% during the session and the closing price set a record. Apple was up more than 1%, Amazon was up almost 2%, and Tesla was up more than 1%.
International oil prices fell on Wednesday. New York and London crude fell more than 2% in intraday trading. West Texas Crude Oil Futures fell below $ 40 a barrel; Brent crude futures fell below $ 42 a barrel.
On Tuesday, Fed Chairman Powell emphasized that the economic stimulus needs to be strengthened, saying the risk of excessive stimulus is less than the risk of insufficient stimulus. Then Trump halted bipartisan stimulus plan negotiations on Twitter until general elections. It’s over, but then Trump’s attitude has softened.
The epidemic has caused a serious setback for the aviation industry. The United States and United Airlines began laying off 32,000 employees last week, but said that if consensus is reached on the new salary support plan, the layoff plan will be changed. The $ 25 billion salary support plan approved in March has already been approved. Expires at the end of September.
Minneapolis Fed Chairman Neel Kashkari said in an interview Wednesday that America’s economic recovery urgently needs more financial support.
The US House of Representatives announced an antitrust report on tech giants on the 6th. Congressmen Democrats called for tightening control of large-scale tech industries and deliberately called for division. Furthermore, “Reuters” sources noted that Google is also facing investigations by Indian regulatory agencies due to Google’s alleged abuse of Android’s dominant position in the smart TV market.
In response to the stock market turmoil, “Apple News” will host a dream conference series on October 16, sponsored by China Trust, inviting Xie Jinhe, president of “Today Weekly”, editor and president of the fortnightly magazine. “Foreign News”, to discuss the semiconductor industry. Tengxu Investment Long Cheng Zhenghua, having unique and in-depth research, deeply analyze the correlation between the US presidential election and the US and Taiwan stock markets, analyze the trends of the electronics industry of the fourth quarter and discover potential actions. The opportunity is rare. Readers can register.
The following entries are constantly updated
13:33
TSMC ADR hit a new high, prompting today’s TSMC spot gap to widen, closing at over 2.2%, and Wang Daliguang stock made a deep rally with a strong bounce of nearly 5% . In addition, MediaTek, Yageo and other Apple stocks rose simultaneously, and the final index was large Up to 140.82 points.
11:30
Taiwan shares rose more than 100 points during the trading session. Wang Rongxu, CEO of Wanbao Investment Consulting, said that today it is mainly driven by electronic weight stocks such as TSMC, UMC and MediaTek. On the contrary, transmission and finance have fallen more and risen less. The performance of stocks is not as strong as the market in general. In the short term, it is necessary to observe the trading volume and trends of foreign investment.
Wang Rongxu noted that today’s weighted stocks, such as TSMC, drove the electronic market to increase by about 1.5%. Compared to other stocks, it should be noted whether foreign capital is pulling these weighted stocks, and there are several before and after the National Day holiday. One of the variables is the divergence in the performance of individual stocks. Following the revenue announcement in September, the third quarter financial report will be announced immediately. With the recent strong appreciation of the Taiwan dollar, it is worth paying attention to whether earnings will erode and impact the stock market.
Also, before the US general election, the trading volume is also one of the key observation points. Today, the trading volume is not bad, about 200 billion yuan, but it is not caused by the concentration of foreign investment in electronic weight lifting shares. And we have to see if this volume can continue into next week.
Initial stocks in the US general election are expected to remain between 12,200 and 13,000 points, and will not be clarified until after the US election is over. Foreign investment trends have remained the best-selling since the beginning. of this year. The Mid-Autumn Festival has sold more than tens of billions of dollars in counterfeit goods. With the appreciation of the Taiwan dollar, foreign investors have been buying Taiwan shares for two consecutive days. The follow-up will depend on whether there is a continuous replenishment.
At 09:02, TSMC opened a higher gap at the open, or 1.69%, at 450 yuan; Taiwan shares opened at 12,832.54 points, 86.17 points higher, more than a hundred points in 1 minute, breaking the 12,850 point mark.
05:42 US stocks close
The Dow Jones Industrial Average rose 530.70 points or 1.91% to close at 28,303.46 points;
The S&P 500 Index rose 58.5 points, or 1.74%, to close at 3,419.45 points;
The Nasdaq index rose 209.99 points, or 1.88%, to close at 11,364.60 points;
The Philadelphia Semiconductor Index rose 47.75 points, or 2.09%, to close at 2,328.84 points
Closing of European stocks
The German DAX index rose 22.55 points or 0.17% to close at 12,928.57 points;
The UK FTSE 100 Index fell 3.69 points or 0.06% to close at 5,946.25 points;
The French CAC 40 index fell 13.46 points, or 0.27%, to close at 4,882.00 points
00:00 The Dow Jones Industrial Average rose 423 points or 1.52% to 28196 points; the S&P 500 Index rose 1.29% to 3404 points, and the Nasdaq Index rose 1.42% to 113122 points.
10:35 PM The Dow Jones Industrial Average rose 460 points or 1.66%, the S&P 500 Index rose 1.38% and the Nasdaq Index rose 1.16%.
9:50 PM The Dow Jones Industrial Average rose 380 points, or 1.37%, the S&P 500 Index rose 1.27% and the Nasdaq Index rose 1.38%.
TSMC ADR increased more than 3% to $ 85.69. Aviation stocks were up overall: American Airlines was up 3.5%, United Airlines was up 6%, Delta Air Lines was up 3.4% and Southwest Airlines was up 2.3%.
9:30 PM The Dow Jones Industrial Average rose to 325 points in early trading, the S&P 500 Index rose 1.17% and the Nasdaq Index rose 1.17%.
(Xiao Wenkang / Taipei Report)
