Taiwan's stock market plunged over 2,000 points intraday today (29), hitting a low of 39,384, before closing down 1,564.18 points at 40,039.18. 'Card Goddess' Yang Hui-ru posted on Facebook, stating that the continued stock decline, combined with the toxic salad oil scandal, Executive Yuan Premier Cho Jung-tai's incompetence, and the negative spillover effect from DPP Taipei mayoral candidate Shen Po-yang, means the green camp and President Lai must prepare for impact.

Growing skepticism over the AI boom intensified selling pressure on tech stocks. Wall Street closed mixed, with the Philadelphia Semiconductor Index plunging over 4%. In Asia, both Japanese and South Korean markets turned negative after opening positive—Japan fell around 1.75%, while South Korea dropped approximately 6.01%.

Taiwan's market opened lower at 41,491.48, briefly turned positive, then continued to fall. It hit an intraday low of 39,384.85, breaking below the 40,000 mark with a maximum drop of 2,218.51 points, and closed at 40,039.18.

Among heavyweight stocks, TSMC closed down NT$80 at NT$2,200, a 3.51% drop. MediaTek and Delta Electronics fell around 5%, while United Microelectronics and Walsin Lihwa hit the daily trading limit. AI-related ABF substrate leaders—Unimicron, Nanya Technology, and ChipMOS—all hit limit-down. Memory sector stocks including Nanya Technology, Winbond, and Macronix also reached limit-down.

Yang Hui-ru stated, 'The prediction has come true early.' Taiwan's stock index broke 40,000 before August, and could fall to 35,000 by year-end. Combined with the recent Chung Lian toxic oil scandal, Cho Jung-tai's incompetence, and Shen Po-yang's negative spillover, although Taiwan's market was also dragged down by Korea, she urged the DPP and President Lai to 'prepare for the impact.'

More exclusive Wind Media reports: · Truth behind Taiwan's stock crash? Global tech stock massacre—Experts reveal 15 giants 'over-earning' bets: profits to exceed 100% by 2027 · Is Taiwan's multi-day 1,000-point plunge just the beginning? Shih Chun-chi warns of two brewing storms: TSMC may become the world's ATM · Stock correction under 20%, but your assets nearly halved? Experts reveal retail investors' fatal flaw: short-term gains fully reversed

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  • Source: PR Times
  • Category: News
  • Dates in source: 2027