Inflation Fears May Push Taiwan Stocks to Test 40,000-Point Support, Say Analysts
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Market volatility intensified on the 20th due to rising U.S. bond yields and NVIDIA's upcoming earnings report. Institutional investors, concerned about a resurgence of inflation and the Taiwan stock market's significant deviation, assess that there may be short-term correction pressure, retesting the 40,000-point support level. However, Lou Ke-wang, a VP at Nomura Asset Management, noted that the long-term bullish outlook for Taiwan stocks remains unchanged due to the AI-driven industrial upgrading trend, while cautioning investors about risks from Middle East geopolitics and inflation limiting room for rate cuts.