Midterm Elections Trigger Anti-AI Concerns
With the U.S. midterm elections concluded in a big Democratic win, market doubts over artificial intelligence investment have clearly deepened. Wealth Media Chairman Hsieh Chin-ho noted that the market's first lesson after the election was anti-AI, as U.S. stocks plunged on the second trading day after the election when candidates who had previously called for pausing data center construction won. No country participating in the AI race was spared, with related markets worldwide under pressure in tandem.
Taiwan stocks on yesterday (6) at one point collapsed over 3700點, setting the largest intraday drop in history, and also lost the 4萬點 mark. Not only Taiwan stocks, Japan and South Korea stocks also opened sharply lower. Selling pressure across the board was heavy, investor confidence was clearly hit, market sentiment turned grim, and short-term volatility rose sharply.
Taiwan Stocks Replay Limit-Down Drama as Japan and South Korea Slump in Tandem
Hsieh Chin-ho said Taiwan stocks once again replayed the drama of last year 4月17日, with TSMC opening at the limit-down price of 2020元, and limit-down stocks littered across the board. Internationally, South Korean stocks fell nearly 10%, the Nikkei index plunged intraday, and major Asian stock markets were all unable to stay out of it, showing that the anti-AI concerns have spread into regional systematic selling pressure.
On the strange words and actions seen after the Democrats swept both the Senate and House, Hsieh Chin-ho believes that under a democratic mechanism everyone can speak freely, but society has an adjustment mechanism and will adjust toward a direction beneficial to all. He cited the Texas governor-elect who had previously opposed data centers as an example, noting the governor-elect has said he does not hate data centers, but new applications will face stronger regulation, showing there is still room for coordination in the policy stance.
Hsieh Chin-ho stated directly that after this grim rout, oversold share prices will correct back, the U.S. has no turning back on the AI track, and after the correction share prices will still return to their original course. He described the scare as a lesson for everyone. Investors still need to note that investing always involves risks, investments can gain or lose, they should read the prospectus carefully before subscribing, and establish correct investment concepts to reduce risk.