讀後心得

U.S. President Trump recently stated that tariffs will be imposed on imported semiconductors and pharmaceuticals. The Taiwan stock market rose by 18.05 points this week, closing at 21,298.22 points, but the trading volume dropped to NT$237.125 billion, indicating a negative impact on market sentiment. Analysts predict that although corporate profits continue to grow, the market still needs to monitor the changes in atmosphere in the short term. Regarding the potential of electronic stocks, investors should focus on fundamentals and consider regular investment plans. Nomura Asset Management noted that the impact of the tariffs may be limited and believes that the Taiwan stock market will rebound as the tariff issues ease.

The President of the United States stated on Air Force One that tariffs on imported semiconductors and pharmaceuticals will soon be imposed. Recently, the Taiwan stock market closed up 18.05 points, ending at 21,298.22 points, with a trading volume of 237.125 billion TWD. The trading volume has fallen below 300 billion TWD, which has adversely affected bullish momentum. The market has initially reflected the negative impacts of uncertainty after experiencing corrections.

The President announced during Eastern Time in the U.S. that a 10% baseline tariff will be applied to all imported goods, with higher reciprocal tax rates imposed on specific trading partners. Additionally, a 32% reciprocal tariff has already been applied to Taiwanese products, and it was mentioned on Air Force One that tariffs will be imposed on imported semiconductors and pharmaceuticals.

The Taiwan stock team stated that the market is expected to continue fluctuating and recommends focusing on attractive valuations, emphasizing fundamentals, and actively participating in rotational trading. Looking ahead, considering the continuous growth of corporate profits, the market situation remains influenced by sentiment, making cautious observation necessary. In a fluctuating market environment, attention should be paid to fundamentals when selecting high-quality targets. Among these, the electronics sector is growing rapidly, and technological layout will be key to future growth, with the demand for computing power in AI applications indicating potential for future development. For investors in Taiwan stock mutual funds using a regular investment plan, it is still advised to continue accumulating positions, while long-term investors can also gradually position themselves to accumulate future opportunities for returns.

If the tariff issues are resolved in the future, economic performance should not be overly concerning. Key observation points for the market include the performance of U.S. stocks, the impact on Taiwan's industries, and the stability of major weighted stocks. Although the reduction in financing may increase volatility, the overall impact is expected to be limited since Taiwan's main exports to the U.S. are protected under the WTO Information Technology Agreement, and thus should not be affected by reciprocal tariffs. As for the selling pressure before the long holiday, it is not necessarily a bad thing, as the financing maintenance rate is close to historical lows, and the risk of a market downturn in the future is limited. If there are no unexpected developments regarding tariff issues, there is still hope for a market rebound.

Based on past experience, the Taiwan stock market will eventually overcome difficulties, and flexible stock picking and active adjustment strategies will be suitable investment approaches for this year's market environment. For example, the first actively managed ETF is expected to begin fundraising in April and list in May, adopting a quarterly dividend distribution mechanism.