Taiwan Stocks Plunge Over 1600 Points Intraday
Affected by declines across all four major U.S. indexes, selling pressure emerged after the opening on the 30th. The weighted index fell more than 1600 points intraday, closing down 1156.5 points at 45211.83 points, down 2.49%, with turnover reaching 8777.3 hundred million yuan. The market fell below the half-year line at 45314 points, with the weekly line closing lower for 3 consecutive weeks and the monthly line also closing lower, as market sentiment turned cautious.
Institutional Investors Sell Over 100 Billion Yuan as Electronics Heavyweights Tumble
Looking at institutional trading, the three major institutional investors sold a net total of 1398.44 hundred million yuan on the day, including net sales of 1124.67 hundred million yuan by foreign investors and mainland investors, and net sales of 513.7 hundred million yuan by dealers, with only investment trusts bucking the trend with net purchases of 239.93 hundred million yuan, showing divergence in institutional fund flows. Large electronics heavyweights became the focus of selling pressure, with TSMC falling 45 yuan to close at 2370 yuan, down 1.86%, MediaTek and UMC both falling more than 3%, Delta Electronics and Walsin Technology hitting limit-down, and Yageo dropping more than 7%.
Shipping and Telecom Stocks Relatively Resilient
Compared with the sharp drop in electronics stocks, some shipping and telecom stocks were relatively resilient. Evergreen and Wan Hai rose more than 4% against the trend, Yang Ming rose more than 2%, and Chunghwa Telecom closed at 160 yuan, hitting a new closing high, becoming one of the few bright spots, showing funds shifting to defensive and relatively stable groups for hedging amid the sharp correction.
Ruan Muhua Builds Positions in Batches While Retaining Cash
Facing the sharp market correction, financial expert Ruan Muhua disclosed his trading statements on Facebook, announcing he has started building positions gradually, targeting TSMC and 2 ETFs including Capital Semiconductor Income 00927 and Capital Taiwan Weighted Positive 2 00685L. He revealed he has already bought 00927 first, has also started building a position in 00685L, and is slowly entering TSMC, not investing all funds at once, but first establishing basic holdings while retaining cash. He said he still has ammunition if prices fall further, and is already on board if prices move up, stressing buying in batches, controlling positions, and retaining cash, and reminding that 00685L is a leveraged product with larger volatility and risk must be noted. He stressed that starting to build positions does not mean the correction is over or that the bottom has been reached, and the public record is only to share his own strategy, not investment advice.