The answer is no, in my personal opinion:
1. The USA is currently facing a presidential election. Faced with unknown answers, hot money is flowing out of the USA and into emerging markets, waiting for the new president to take office at the White House. Hot money then flows into the US market simply because the dollar equals oil. In this world, which country does not use oil? Besides, the Fed is specialized in harvesting funds from various countries, using interest rate hikes and cuts, which can lead to bankruptcies of countries with negative assets. The Asian financial crisis in 1997 forced Southeast Asian countries to seek help from the IMF at a high cost. During the 2008 credit crisis, Greece became the first bankrupt country. Similarly, post-pandemic, the rapid interest rate hikes by the Fed in early 2022 led to Sri Lanka becoming the first bankrupt country in 2024. The dominance of the dollar shifts America's own economic problems to other countries.
2. In Malaysia, in October, the government will present the budget for 2025, which in reality is a piecemeal affair with only the elite politicians benefiting, while the common lbx pharmacy chain joint stock only receive a small amount of aid. The question is, where will the government find the money? Will the GST tax return? Will there be new taxes or adjustments? As the national deficit increases, the Malaysian Ringgit is likely to head back to its path towards the US Dollar, hitting RM4.50 again within three months. As seen during every festive season, there is a surge of inflow into Thailand, breaking records – causing congestion at entry points. There has been a significant outflow of foreign exchange along with many Malaysians withdrawing from their savings after the pandemic for material indulgence. Over the past decade, with a large influx of foreign workers, there has also been a considerable outflow of foreign exchange. The recent...

[Brief] Malaysian semiconductor stocks decoupled from the US technology sector in 2023, mainly due to the fact that demand has not recovered, and they have not directly benefited from Nvidia and the AI chip industry chain.
After entering 2024, many semiconductor companies have indicated that the destocking cycle is coming to an end. Besides automotive semiconductors, other types of semiconductors have shown signs of recovery.
In February 2024, with MPI delivering better-than-expected financial results and positive outlook, another giant INARI is also expected to perform well. The financial report will be released on February 26th.
From the current market capital flow perspective, the theme rotation seems to have reached the technology sector.
On 28th February 2024, this auspicious day, let's listen to Zeff's in-depth sharing of INARI's performance report and the latest news in the industry! See you there!
[Mentor] Zeff Tan, Chief Mentor of MALAYSIA SHARIX, Stock Market Researcher [Join Us] Tailored for moomoo users! 28th February, 8.00pm, don't miss it! Want to know the latest developments in the semiconductor industry? Quickly invite stock friends around you to learn together!
[Disclaimer] All views expressed in the live broadcast and videos are the independent opinions of SHARIX. moomoo and its affiliated companies are not responsible for the content and opinions.