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BackTaiwan’s stocks plummeted and TSMC couldn’t hold on! The market dropped to the limit at the opening, and the Internet was filled with lamentations and urgent questions about "one thing"
Taiwan’s stocks plummeted and TSMC couldn’t hold on! The market dropped to the limit at the opening, and the Internet was filled with lamentations and urgent questions about "one thing"
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自由时报13 minutes agoBusiness2 min readChinaView original

Taiwan’s stocks plummeted and TSMC couldn’t hold on! The market dropped to the limit at the opening, and the Internet was filled with lamentations and urgent questions about "one thing"

Taiwan stocks fell 2,658.96 points at the opening, and TSMC fell below the limit at the opening, with the market value evaporating by 5.7 trillion yuan in a single day.

TSMCTaiwan stocksLimit down

Quick Look

  • Taiwan stocks plummeted at the opening on the 6th, plunging more than 3,700 points in early trading.
  • TSMC jumped short at the opening and opened at 2,020 yuan.
  • Its market value evaporated by 5.7 trillion yuan in a single day, triggering widespread discussion and wailing on the Internet.

AI-generated summary

Why It Matters

Taiwan stocks plummeted at the opening on the 6th, with TSMC, a value stock, falling by the limit at the opening, arousing widespread market attention.

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TSMC. (Bloomberg file photo)

[Financial Channel/Comprehensive Report] Taiwan stocks plummeted at the opening today (6th). Among them, TSMC dropped to the limit at the opening, opening at 2020 yuan. The market value lost 5.7 trillion yuan in a single day. The news caused a wailing on the Internet.

The Taiwan stock market opened today at 38915.76 points, down 2658.96 points. The decline continued to expand, and it plunged more than 3700 points in early trading. Among them, the weight stock TSMC (2330) jumped short and lowered its limit at the opening, opening at 2,020 yuan. However, as of 9:40 a.m. Taipei time, TSMC had opened its lower limit and was still down 165 yuan, or 7.37%, at 2,075 yuan.

There were exclamations and wails on the Internet about TSMC's sudden drop to the limit at the opening. Many netizens said it was unbelievable and left messages saying: "I can actually see TSMC drop to the limit in my lifetime", "Can I buy TSMC when it drops to the limit?", "Am I wrong, the sweetest price in history?!", "Wow TSMC dropped to the limit".

Some netizens lamented that even TSMC could not survive the stock market crash, saying, "Recording today's big scene, TSMC's dad can't survive it. There are a lot of ambulances outside now, everyone should hold on." There are also people who took advantage of the sharp drop in stock prices to enter the market and pick up bargains. They shared, "Is there anyone taking advantage of this sharp drop to pick up bargains? I am a long-term player and took advantage of today's sharp drop to pick up some TSMC. I don't know if it is right."

Others wailed, "Tell me... I'm not alone. TSMC is buying at 2,345 yuan." "Is there anyone whose average cost of TSMC is 2,300? I'm almost crying."

However, some netizens began to speculate whether TSMC has more room to fall, and even shouted, "Is there a chance to buy TSMC for 400 yuan this year?" to trigger discussion.

Open Questions

  • What is the specific reason for the plummeting of Taiwan stocks?
  • Will TSMC’s limit drop continue?
  • Will Taiwan stocks rebound in the future?

Related Topics

TSMC
PlacesTaiwanTaipei
TopicsTaiwan stocksLimit downMarket valuestock market crashInternet reaction
This article was originally published by 自由时报.

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