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The US presidential election entered the playoffs, but due to Biden’s high winning side, US stocks received all the dividends this morning. According to statistics for the past 20 years, the probability of a positive return for Taiwan stocks after the US elections is more than 80%. Taiwan shares expected to be (5) Daily performance expected to be good.
The market awaited the US presidential election with great anticipation. Under the leadership of TSMC and MediaTek, Taiwan shares rose 131 points to close at 1,2867.9 points.
As Biden led the way, all US stocks closed in the red this morning. The Dow Jones was up 1.34%, rising 367 points, the S&P 500 Index soared more than 2% and the Nasdaq Index and the Philadelphia Semiconductor Index soared more than 3%. .
At 8 a.m. Taipei time, Biden led Trump with 214 votes with 264 votes, and he was only 6 votes short of entering the White House. Biden got a great victory.
Based on historical experience, after the US stock picks, Taiwan stocks have a high probability of positive returns. According to Cathay Pacific Investment Credit, five presidential elections have been held in the US since 2001. Investing in Taiwanese stocks one month after the election, the probability of positive returns exceeds 80%. One month after entering the market, the average increase was 3.3%, the average increase in three months was 6.3%, the average increase at six months was 15.3%, and the average increase was 21.8% after one year .
In terms of the beneficiary shares of the Biden concept, if Biden is chosen for his support of green energy, he may increase investment in green energy in the United States, which will be positive for the new energy industry. And it is possible to cancel tariffs on some commodities, which is beneficial for consumer products that are heavily affected by tariffs.
In addition to the US presidential election, the focus of today’s hearing is that the Democratic and Republican parties in the United States have reached a consensus on seeking investment in the high-tech semiconductor industry. Taiwanese tech giants TSMC and Hon Hai reiterated yesterday that their design plans in the United States are as planned. There are no new changes.
Nokia brand licensing factory HMD Global launched the 5G Nokia 8.3 model last month. Yesterday announced that it would launch the domestic 4G Nokia 3.4 aircraft on the 18th. In addition, the new Nokia 215 4G model will be sold on the 6th. Assist in the operation of the Fuzhikang supply chain of Foxconn Group and Synnex distributors
Overall, Trump and Biden will pitch bulls after the election, and the stock market will return to fundamentals after the election. The legal entity believes that regardless of who is elected president of the US, the post-election uncertainty will be removed and Taiwan’s shares will be bullish. However, Trump Due to the lag, the uncertain factors that can be used to verify votes and the confusion that Trump supporters may cause are also worthy of note. Short-term Taiwanese equities are expected to fluctuate, but medium- and long-term Taiwanese equities are looking positive, based on positive returns a month after the election. High-speed historical experience can be implemented in batches whenever it is retired.
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