Taiwan Stocks Plunge Nearly 1,000 Points in Early Trading, Break Below 45,000

(Central News Agency, reporter Zhong Rongfeng, Taipei, 5th) Affected by the decline in US chip stocks, Taiwan stock futures fell by more than 800 points at the opening. The Taiwan stock market opened with volatile declines, hitting an early low of 44,685 points, a drop of over 990 points, and breaking below the 45,000-point mark.

Heavyweight TSMC bucked the trend, rising by NT$20 to an early high of NT$2,405, an increase of 0.83%. MediaTek fell over 4%, Delta Electronics fell over 4%, Hon Hai Precision Industry fell over 3.5%, and ASE Technology Holding fell over 3.5%. In the memory sector, Nanya Technology and Winbond Electronics fell over 9%, while Macronix International fell over 6.5%.

Securities analysts pointed out that the Taiwan stock market is experiencing high-level volatility in the short term. Foreign investors' net short positions in Taiwan stock futures have reached a record high of nearly 70,000 contracts, and the positive deviation rate has reached a historical high, suggesting that investors should be cautious of sharp market fluctuations in the short term. (Editor: Zhang Junmao)