Intraday Plunge of 3737 Points Below 40,000 Points
Taiwan stocks faced a brutal correction yesterday, plunging 3737.67 points intraday to set the largest intraday drop in history, closing down 1873 points at 39701.64 points and falling below the 40,000-point mark. In just one month, Taiwan stocks plunged from near 50,000 points to 37,000 points, a sharp and violent decline described as a living Halloween playing out in Taiwan. This year, the top ten foreign-investor sell-offs were all concentrated in this year, setting a rare record. Market panic has clearly heated up, with investors closely watching subsequent policy and international developments.
Guo Zherong Bows to Apologize and Bets Heavily on Taiwan 50
Moore Investment Advisory investment chief Guo Zherong bowed to viewers to apologize at the start of his after-market livestream. He admitted that he really did not sell at the top and was sorry to everyone. Facing market panic, he expressed his apology through the bow while showing strong confidence, stressing that this market pullback is like TSMC falling from 688 yuan to 370 yuan back then, both great gifts from heaven. He also said he has already bet heavily on Taiwan 50 through a home-equity loan, believing crisis is opportunity, and will face this historically rare deep correction together with members and fans.
Names Three Key Factors and Calls for 50,000 Points by Year-End
Addressing the closely watched policy and international variables, Guo Zherong named three key factors, including noise over U.S. artificial intelligence data center construction, local policy and environmental review variables, and called on the government and the National Stabilization Fund to step in to support the market at the right time. He said the market is serving the ball for the president to hit, for the government to hit, and if it is about elections it is all for elections, calling it a very good strategy. At the end of the livestream, he encouraged members and fans with risk it all and charge forward, expecting the medium- to long-term trend to remain up after the deep correction, calling for 37,000 points now, 50,000 points by year-end, and 57,000 points next year, remaining very confident. He also cited Buffett's skiing theory as a metaphor, stressing choosing a long and wet slope to ski on so the snowball grows bigger and bigger, encouraging investors to hold firm confidence under controllable risk and fight to the end with the market. He finally called on investors to view the market calmly, closing with others laugh at me for being too crazy, I laugh at others for not seeing through, wishing members and viewers big profits next week and a strong reversal opportunity if they hold on to the end.