Selling Pressure From US Tech Stocks Drags Market Lower at Open
Hit by consecutive weaker-than-expected earnings reports from US tech giants, which raised doubts over artificial intelligence investment prospects and tech stock valuations, expanded selling pressure in US tech stocks dragged Taiwan stocks lower at the open on 今30日. The weighted index opened at 46139.79點, down 228.54點, with intraday selling pressure expanding sharply to a low of 44726點, plunging over 1600點, breaking through both the 46000點 and 45000點 integer levels in one move, also losing support at the half-year line, setting the 11th largest intraday point decline in Taiwan stock history, with estimated trading volume reaching 9600億元.
Over a Thousand Decliners as Selling Spreads to Smaller Stocks
Today's sell-off was fierce, with not only broad weakness in heavyweights, but also collective withdrawal from high-priced stocks and artificial intelligence-related groups including panels, memory, passive components, printed circuit boards and optical communications. According to intraday statistics, 截至上午9時39分, 1129 listed and OTC stocks fell, with only 126 advancing, plus 3 limit-up and 3 limit-down stocks, showing selling pressure had spread from large heavyweights to most stocks in the market.
Heavyweights and AI Groups Weaken Across the Board
Among heavyweights, 台積電2330 fell nearly 2%, breaking below 2400元; 台達電2308 retreated to 1335元, well off its historic high; 聯發科2454 slumped about 4%, breaking below 4000元; 鴻海2317 and 廣達2382 also fell about 2% to 3%, while 光寶科2301 dropped as much as 8%. Financial stocks were also under pressure, with 凱基金2883, 國泰金2882 and 元大金2885 down over 1%, with only 台塑化6505 bucking the trend, up nearly 2%.
Selling pressure in the printed circuit board group was equally heavy, with 台燿6274 and 金像電2368 both hitting limit-down, while 富喬1815, 燿華2367, 台光電2383, 臻鼎-KY 4958 and 聯茂6213 plunged 7% to 8%, and 南電8046 and 欣興3037 also tumbled over 6%. The passive component group weakened in tandem, with 信昌電6173 hitting limit-down, 國巨2327 plunging 8% below 500元, and 華新科2492, 凱美2375 and 日電貿3090 also falling 7% to 9%.