Taiwan Stocks Plunge 1156 Points, Lose Half-Year Moving Average
Hit by declines in all four major U.S. indexes, Taiwan stocks faced heavy selling pressure at the open on the 30th, plunging by more than 1600 points intraday, and finally closing down 1156 points at 45211, down 2.49%, with total daily turnover expanding to 8777億元. The market not only lost support at the 45314-point half-year moving average, but also posted three consecutive weekly declines and a monthly decline, as panic spread.
In terms of institutional flows, the three major institutional investors sold a net total of 1398.44億元, including 1124.67億元 sold by foreign investors and mainland investors and 513.7億元 sold by dealers, while only investment trusts bought a net 239.93億元 against the trend, becoming the only net-buying institution.
Heavyweight Stocks Slump While Defensive Stocks Resist the Decline
Heavyweight stocks were hit hard, with market leader 台積電 closing down 45 yuan at 2370 yuan, down 1.86%; 聯發科 and 聯電 both retreated by more than 3%, 台達電 and 華新科 even hit limit-down, and 國巨 also pulled back by more than 7%, with electronic heavyweights remaining weak.
In contrast, funds rotated into defensive non-electronics groups, with shipping leaders 長榮 and 萬海 both rising more than 4% against the trend, 陽明 gaining more than 2%, and telecom leader 中華電 rising to 160 yuan against the trend to set a new closing high, becoming among the few bright spots and showing funds moving to defensive havens amid the plunge.
阮慕驊 Builds Positions in Batches, Keeping Cash on Hand
Facing sharp market volatility, financial expert 阮慕驊 said on Facebook that he has begun building positions gradually, not investing all funds at once, but first establishing a basic position while holding cash, adopting a batch-buying strategy. He revealed that he started buying from 00927, also established a position in 00685L, and is slowly entering 台積電, so that if the market falls further he will still have funds to add, and if it rebounds he will already be on board.
However, 阮慕驊 specifically warned that this round of correction in Taiwan stocks must be treated very cautiously, and his starting to build positions does not mean the correction has ended or that the index has reached its lowest point, especially as 00685L is a leveraged product with inherently larger price swings, and risks cannot be ignored just because prices have fallen sharply. He stressed that buying in batches, controlling position sizes and keeping cash are his current approach, and what he shared is only his personal investment strategy, not investment advice, and investors should judge independently and carefully assess risks.