Asian stocks plummet, traders searching for 'buying opportunities on dips' - market participants' perspective.
September 4, 2024, 18:57 JST (excerpt).
The key is to take advantage of the opportunity in stocks that have not yet experienced a rise - Fibonacci.
Investors should be cautious as they await the upcoming US employment statistics - Saxo.
Nvidia's sharp drop in market capitalization of $278.9 billion (about 40 trillion 546 billion yen) triggered a cascade of sells in semiconductor-related stocks worldwide. Investors and analysts are now focusing on undervalued technology stocks in Asia.
Amid a general downturn, Asian semiconductor and equipment manufacturers like SK Hynix, Taiwan Semiconductor Manufacturing Company (TSMC), and Advantest also saw their stock prices decline. For investors who have benefited from the significant rise in semiconductor stocks over the past few years, a challenging period requiring difficult decisions has arrived.
The key is to take advantage of the opportunity in stocks that have not yet experienced a rise - Fibonacci.
Investors should be cautious as they await the upcoming US employment statistics - Saxo.
Nvidia's sharp drop in market capitalization of $278.9 billion (about 40 trillion 546 billion yen) triggered a cascade of sells in semiconductor-related stocks worldwide. Investors and analysts are now focusing on undervalued technology stocks in Asia.
Amid a general downturn, Asian semiconductor and equipment manufacturers like SK Hynix, Taiwan Semiconductor Manufacturing Company (TSMC), and Advantest also saw their stock prices decline. For investors who have benefited from the significant rise in semiconductor stocks over the past few years, a challenging period requiring difficult decisions has arrived.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
