UURL 財經新聞FINANCE
UURL Finance · Taiwan market + in-depth rewrites · hourly

Taiwan Stocks Plunge 1156 Points, Fall Below Half-Year Line

Browser TTS · no download

30-second brief

Taiwan stocks plunged 1156 points on October 30 to close at 45211.83, falling below the half-year line. Foreign investors sold a net 1124.67億元, and National Stabilization Fund trader Ruan Qinghua said the pullback after gains is a normal cycle, with no major economic problems requiring intervention.

Taiwan Stocks Plunge Over 1000 Points, Fall Below Half-Year Line

Taiwan stocks opened lower and moved lower today (30th), plunging over 1600 points intraday and closing down 1156.5 points at 45211.83, with turnover of NT$8777.3億元, falling below the half-year line of 45314 points. Market concerns over the monetization of artificial intelligence investments weighed on heavyweight and AI-related stocks, with a steep broad-market decline. The weekly line fell for 3 consecutive weeks and the monthly line closed in the red, showing rising short-term pullback pressure. Investor sentiment turned cautious, with a strong wait-and-see mood, volume remaining elevated and heavy selling pressure.

Ruan Qinghua: Pullback After Gains Is a Normal Cycle

Ruan Qinghua, Executive Secretary of the National Stabilization Fund and Deputy Minister of Finance serving as trader, today attended the Taiwan Jin UPC Technology 25th anniversary tea party, and said in a media interview afterward that the stock market naturally rises and falls, pulling back after rising too much, and rising again after pulling back to a certain level, which is a very normal cycle. He noted that stocks cannot rise every day, nor fall every day, and that is basically how it works. Only if the economy or the international situation encounters major problems would it warrant some attention, and if there really is a problem, then consider how to handle it. Currently no such major problems have emerged on the industry side.

Ruan Qinghua stressed that unless there are major problems on the industry side, rises and falls are normal. If there really is a problem, they will look at how to handle it. He believes that after pulling back to a certain level, the market will go up again, as part of a natural market adjustment process, and investors should not over-interpret a single-day plunge, but should view the cycle of rises and falls rationally and focus on economic fundamentals and changes in the international situation rather than short-term volatility.

Foreign Investors' Net Sale of Over 100 Billion Is Routine Adjustment

The three major institutional investors sold a combined net 1398.44億元 in Taiwan stocks today, including net sales of 1124.67億元 by foreign and mainland Chinese investors, with single-day foreign net sales exceeding 100 billion yuan drawing market attention. In response, Ruan Qinghua said this is not the first time, and it does not even rank compared with the past. Foreign investors always adjust positions, and cannot be expected to keep buying all the time; they also have to sell, and buying and selling is normal. He noted that foreign-investor adjustment is a market norm and should not be seen as an abnormal signal, and the National Stabilization Fund will continue to monitor economic and international developments.

FAQ

How much did Taiwan stocks fall on October 30, and where did they close?

On October 30, Taiwan stocks closed down 1156.5 points at 45211.83, plunging over 1600 points intraday, with turnover of NT$8777.3億元, falling below the half-year line of 45314 points, with the weekly line down for 3 consecutive weeks and the monthly line closing in the red.

What were the net sales by the three major institutional investors and foreign investors?

The three major institutional investors sold a combined net 1398.44億元 in Taiwan stocks, including net sales of 1124.67億元 by foreign and mainland Chinese investors, with single-day foreign net sales exceeding 100 billion.

How did National Stabilization Fund trader Ruan Qinghua respond to the plunge?

Ruan Qinghua said rises and falls in the stock market are normal, with pullbacks after gains part of a normal cycle, requiring attention only if the economy or international situation encounters major problems, and if there really is a problem then consider how to handle it; foreign-investor adjustment with buying and selling is also normal.