Selling Pressure Emerges as Market Falls Below Half-Year Line
Affected by all four major US stock indices closing lower, Taiwan stocks saw selling pressure emerge after opening on the 30th, with the intraday decline exceeding 1600 points at one point, finally plunging 1156.5 points to close at 45211.83 points, down 2.49%, with turnover reaching 8777.3 hundred million yuan. The market fell below the 45314-point half-year line, with the weekly line closing lower for 3 consecutive weeks and the monthly line also closing lower, and market sentiment turned conservative. Observing institutional moves, the three major institutional investors sold a net total of 1398.44 hundred million yuan that day, including foreign and mainland investors selling a net 1124.67 hundred million yuan and dealers selling a net 513.7 hundred million yuan, with only investment trusts buying a net 239.93 hundred million yuan against the trend, showing divergence in fund flows.
Heavyweight Stocks Tumble While Shipping and Telecom Resist Decline
Large electronic heavyweight stocks became the main focus of selling pressure. TSMC fell 45 yuan to close at 2370 yuan, down 1.86%; MediaTek and UMC both fell more than 3%, Delta Electronics and Walsin Technology hit limit-down, and Yageo also dropped more than 7%. In contrast, some shipping and telecom stocks were relatively resilient, with Evergreen Marine and Wan Hai Lines rising more than 4% against the trend, Yang Ming Marine up more than 2%, and Chunghwa Telecom hitting a closing high at 160 yuan, becoming relatively strong groups on the market.
Ruan Muhua Discloses Statements to Build Positions in Batches
Facing the sharp market correction, financial expert Ruan Muhua said on Facebook yesterday that he had decided to start building investment positions in stages. He revealed that the targets chosen this time include TSMC, as well as two ETFs, Capital Semiconductor Income 00927 and Capital Taiwan Weighted 2x 00685L, not investing all funds at once, but first establishing basic holdings while retaining cash. He has already bought 00927 first, also started building a position in 00685L, and TSMC is being entered slowly. He wrote in the post: "If it falls further, I still have ammunition. If it goes up, I am already on board." to explain the consideration of phased deployment.
Stresses Bottom Not Reached and Warns of Leverage Risks
Ruan Muhua stressed: "I am starting to build positions today, which does not mean the correction is over or the lowest point." and reminded that this round of market correction needs to be viewed very cautiously, and his personal buying should not be seen as a signal that the market has bottomed. For 00685L, he also issued a special risk reminder. Since this ETF is a leveraged product with large price fluctuations, even though the market has already fallen significantly, investment risks cannot be ignored, and holdings and fund allocation need to be watched more carefully in operation. Ruan Muhua reiterated at the end that the current approach is "buying in batches, controlling positions, retaining cash. This is my current approach." and stressed that disclosing trading records is only to share his own operating strategy, not to provide investment advice, and he remains cautious about the subsequent market trend.