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Need 4 Speed Read - ASX Report - 08/12/22

ASX trading

G'day folks and welcome to another trading day with your friendly, neighbourhood CMC Market Analyst! 

For real-time up-to-date data/news/research/ideas/strategies, check out our insights panel on the CMC Markets Invest platform and follow us on Twitter: 

Azeem Sheriff - @Azeem__Sheriff 
Tina Teng - @Tinateng_CMC
CMC Markets ANZ - @CMCMarketsAUSNZ
CMC Markets Singapore - @CMCMarketsSG
CMC Markets Canada - @CMCMarkets_CA

Trading Idea of the Day
 

NASDAQ:TSM - Taiwan Semiconductor Manufacturing Ltd (BULLISH - long term & BULLISH - short term)

  • Key levels on the chart - consider taking trades from key support/resistance zones. 
  • Taiwan Semiconductor Manufacturing (NYSE:TSM) is set to make history with one of the largest foreign investments in the United States. The company will announce plans on Tuesday to build its second chip plant in Arizona, increasing its investment in the state to $40B.
  • Warren Buffet recently took a major position in TSMC in a bet that the world cannot do without silicon.
  • Taiwan Semiconductor Manufacturing or TSMC is set to build a wafer fab, deploying 1-nanometer process technology at the Longtan campus of Hsinchu Science Park in Taiwan.

ASX & Economic Key Events


ASX Key Events Calendar (TODAY)

Economic Key Events (TODAY)

Economic Key Events (YESTERDAY)

OPTO For Investors Research


Article of the Day: Morgan Stanley sees 48% upside for United Airlines shares

Podcast of the Day: Champel Capital’s Amir Weitmann on investing in deep tech 
 

APAC Daily Report


Click here to access our daily APAC report, prepared by my fellow market analyst @TinaTeng_CMC
 

Market Snapshot & Highlights as of 8:00am AEDT


EXPECTATIONS: Energy LOWER (lower oil prices) & Materials HIGHER on overall base metal prices.

Global Markets Headlines
 

(All news & data sourced from AFR / The Australian / Bloomberg / Reuters / CNBC / Wall Street Journal / Morningstar / OPTO / Trading Economics)


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