Thursday , August 11 2022

Poor economic data, Dow Jones has dropped over 100 points, Taiwan stocks have dropped ADR


The poor economic data was a detrimental effect on the optimism of the USA-China trade. US stocks were opened lower on Thursday (21st), and healthcare and S & P services organized the decline. ADR of Taiwan stocks led across the board.

At 11:00 pm, Taipei time on Thursday (21st), the four US stock index performed early trading:

  • The Dow Jones stock market index dropped 106.42 points, or 0.41%, reported on a temporary basis of 25848.02 points.
  • The S & P index rejected 13.14 points, or 0.47%, to a temporary rate of 2,771.56 points.
  • Nasdaq index rejected 55.60 points, or 0.74%, to a temporary level of 7433.47 points.
  • The Philadelphia Semiconductor Index rejected 9.33 points, or 0.69%, to a temporary level of 1350.95 points.

The Federal Federation announced that the minutes of the January meeting were obviously changing the interest rate raising rate for "pigeons" and offered the option to suspend this restriction this year. With the announcement of a number of new data on Thursday that the economy could begin to slow down, it also gives reasons for the Fed to continue to "stop interest rates."

The US Department of Commerce announced that US durable goods orders rose by 1.2% in December, lower than expectations of 1.6%. The Philadelphia Federal announced that its manufacturing index has dropped significantly – 4.1 in February, the lowest since May 2016, stating that the risk of the upgrade recession.

According to IHS Markit, the United States manufacturing purchaser index (PMI) index dropped to 53.7 in February of 54.9 in the previous month, the lowest point in 17 months.

IHS Markit mentioned in the latest survey report: "Respondents said that customer demand was weak, partly linked to the uncertainty of the manufacturing supply chain, and concerns about global trade prospects."

Robert Pavlik, chief investment strategist and senior portfolio manager at SlateStone Wealth LLC in New York, said: "The Philadelphia Federation's manufacturing index and resilient data are unstable, stating that the economy is slowing down. is the economy as strong as it was in the summer of 2018. "

The US and China appear to be close to the end of the commercial war. (Photograph: AFP)

It seems that the United States and China are near the end of the commercial war, and the commercial level of commercial discussions held on Thursday (21st) here have made the most significant progress to date.

Foreign media reported that US-China trade negotiators drafted six memorandum on the most complex structural reforms in China, including the transfer of enforcement technology, cyber scams, intellectual property rights, services, foreign exchange, agriculture and non-trade barriers tariff. And other issues.

Rick Meckler, a partner at Cherry Lane Investments, said: "The market is warming up gradually as it is waiting for a substantial deal (with China). If not agreed, it will be disappointing . "

Individual stocks trading early

Basketball star Rookie Zion Fight Williamson was injured in the game as a result of a division in nike sneakers. Nike (NKE-US) dropped 1.4% at trading early.

Taiwan stocks ADR opening lower. AUO (DRO-US) dropped by 1.29%; TSMC ADR (TSM-US) decreased 0.37%; Chunghwa Telecom ADR (CHT-US) decreased 0.32%; UMC ADR (UMC- United States) falls 0.54%.

Apple (AAPL-US) dropped 0.51%, while Tesla (TSLA-US) dropped 0.7%.

Alibaba (BABA-US) raised a 0.04% China stock market, AMD (USU) rose 0.5%, and Intel (INTC-US) generated 0.3%.

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