The stock market crash is coming! Philadelphia Semiconductor plunged 12.25%, Taiwan stocks may plummet 7% today

Taiwan stocks may fall below the 40,000-point mark today. (File photo)

[Reporter Zhuo Yijun/Taipei Report] The U.S. Democratic Party will introduce an AI ban, AI concept stocks are in a battle royale, the Philadelphia Semiconductor Index plummeted 12.25%, and the Taiwan stock index plummeted 2946 points, a drop of 7.03%, in overnight trading. Today, Taiwan stocks will plunge Breaking the 40,000 integer mark, the guarantee maintenance rate of Taiwan stocks fell sharply by 7.65 percentage points yesterday to 159.77%, which was the first time in more than three months that it fell below 160%. Financing recovery orders will be launched, and AI concept stocks will be the first to hit.

Yong Yi-shen, vice president of Qida Investment Consulting, analyzed that after the US midterm elections, the Democratic Party won a big victory, and the price fell sharply, which also caused the Dow Jones and S&P to pull back. In the future, restrictions on data center regulations may increase. 13 states have already imposed restrictions before the election, but AI may only slow down and may not stop. After the stock market has sharply corrected, it will still return to long-term demand, and the price must be the first to stabilize. Taiwan stocks will pay attention to whether national security funds start to protect the market.

The Taiwan Index futures hit another 3,000 points yesterday, and the index fell more than 12%. Panic selling pressure will be seen in early trading today, and financing will be slashed again. Below 40,000 is already an oversold zone. If there is a reversal of policy events in the next three days, the stock market will rebound sharply. Don’t sell the stocks low for the time being. Hold the current stocks and wait for the rebound before exchanging shares.