4-Day Break After Foreign Selloff of 3025 Billion
Taiwan stocks closed at 46041 on the 22nd, with foreign investors net selling as much as 3025.55億元 in a single day, a record high, followed by a 4-day trading suspension for a typhoon holiday and Retrocession Day. During the break, U.S. tech and semiconductor stocks weakened in succession, and the market worries Taiwan stocks could open with a 1,000-point catch-up drop on the 27日, with investor panic rising.
Closure Uncertainty Adds to Selling Pressure
摩爾投顧 Chief Investment Officer 郭哲榮 analyzes that with no trading during the long holiday and many variables in the global situation, investors worry that if global markets keep falling during the break they will be unable to respond to sudden risks in time, so some funds chose to take profits early and reduce positions, further adding to selling pressure. However, this kind of panic selling driven by uncertainty accumulated during the market closure does not necessarily mean Taiwan stock fundamentals have weakened in tandem, and after trading resumes and sentiment gradually stabilizes, a rebound remains possible.
Geopolitics and Inflation to Shape Rebound
郭哲榮 points out that in addition to the performance of U.S. tech stocks, international geopolitics is also key to the subsequent market trend, with variables remaining in the Russia-Ukraine conflict and U.S.-Iran relations. If negotiations among relevant countries make progress and geopolitical risks cool, it could drive international oil prices lower, ease inflation pressure, reduce market concerns over global rate hikes, and attract funds back to tech and AI-concept stocks. However, developments in the international situation remain uncertain, and whether they can support a Taiwan stock rebound still needs continued observation.
6 Stocks to Cautiously Evaluate on Pullbacks
On stock selection, 郭哲榮 names passive-component stocks 國巨 (2327), 華新科 (2492), semiconductor silicon-wafer stocks 環球晶 (6488), 台勝科 (3532), as well as semiconductor supply-chain stocks 精材 (3374) and 鴻海 (2317), saying pullbacks can be cautiously evaluated for positioning opportunities, while also remaining optimistic on 台積電 (2330) long term. He suggests watching for positioning opportunities after the market correction, but cautions against rushing in on sharp drops, urging careful assessment of individual-stock fundamentals and personal risk tolerance. Facing sharp volatility, he also reminds investors to avoid leveraged operations such as margin financing, to avoid excessive pressure if prices keep falling, or even margin calls or forced liquidation. Investing always involves risks, and investors should evaluate carefully and bear their own profits and losses.