Market Plunges Below Half-Year Line
Taiwan stocks faced heavy selling pressure on the 30th, with the weighted index falling more than 1600 points intraday and closing down 1156.5 points at 45211.83, down 2.49%, with trading value reaching 8777.3億元 and breaking below the 45314 half-year line. The weekly line closed lower for 3 consecutive weeks and the monthly line also fell, as market sentiment turned cautious. The correction was mainly driven by declines across all four major U.S. indexes, with selling emerging after the Taiwan market opened and concentrated in large electronics heavyweights.
Institutional Selling Pressures Heavyweights
Institutional flows diverged, with the three major institutional investors net selling a combined 1398.44億元, including 1124.67億元 in net selling by foreign and mainland investors and 513.7億元 by dealers, while only investment trusts net bought 239.93億元. Among heavyweights, 台積電 fell 45 to close at 2370, down 1.86%, 聯發科 and 聯電 both fell more than 3%, 台達電 and 華新科 hit limit-down, and 國巨 dropped more than 7%. Relatively resilient groups were shipping and telecom, with 長榮 and 萬海 rising more than 4%, 陽明 gaining more than 2%, and 中華電 closing at 160, a new closing high.
阮慕驊 Gradually Builds Positions While Retaining Cash
Financial expert 阮慕驊 disclosed his trading statements on Facebook and announced he had begun building positions gradually, in 台積電 and two ETFs, 00927 and 00685L. He said he has already bought 00927, has begun building a position in 00685L, and is entering 台積電 slowly, establishing a basic holding while retaining cash. In his post he wrote that if prices fall further he still has ammunition, while if they rise he is already on board, explaining his staged布局 approach rather than investing all funds at once.
Stresses This Is Not the Bottom, Urges Caution
阮慕驊 stressed that starting to build positions today does not mean the correction is over or that this is the lowest point, and this round of market correction must be viewed very cautiously; his personal buying should not be seen as a signal that the market has bottomed. Regarding 00685L, he specifically reminded that as a leveraged product it is more volatile, and even after a clear market decline investment risk cannot be ignored, with position size and capital allocation requiring extra care. He reiterated that buying in batches, controlling position size, and retaining cash is his current approach, and sharing his trading record is only to share his own strategy, not investment advice, remaining cautious on the outlook.