Taiwan stocks plunged more than 1,200 points, falling below the 42,000 level

42,000 is not guaranteed! More than 1,500 companies went wild and the index fell by more than 1,200 points. (File photo)

[Financial Channel/Comprehensive Report] With the US CPI exceeding 4% and tensions in the Middle East escalating again, all four major US stock indexes closed in the black on Wednesday, while TSMC ADR plummeted 4.48%. Under the negative impact, Taiwan stocks opened at 43172.21 points, down 53.33 points under TSMC’s interest rate discount on Thursday. Fortunately, Jingshuo and other ABs The index was close to flat for a time under the reverse trend of F-LCD, Nanya, Winbond and other memory stocks. However, as electronics, financial and traditional manufacturing stocks generally fell, the index's decline expanded. It fell more than 400 points in early trading, breaking through 43,000. However, TSMC's buying orders entered the market and ignited, successfully filling interest rates and driving buying momentum. The index suddenly rose to red, once rising by more than 200 points, back to 43,463 points.

However, after a sharp pull of more than 600 points, investors took action again. Selling orders for high-priced stocks such as MediaTek, Delta Electronics, and Semiconductor-KY poured in, and the stock price fell deeper and deeper. After TSMC paid interest, investors took profits, and the stock price continued to fall, heading towards 22 00 yuan backtest, electronic stocks gave up, and financial and telecommunications stocks also plummeted. With more than 1,500 listed counters plummeting, the index plummeted, falling more than 1,200 points, backtesting 42,006 points, fluctuating 1,457 points, hitting 7 major drops.

Chip stocks continued their recent decline, while renewed tensions between the United States and Iran also exacerbated market uncertainty. On Wednesday, the major U.S. stock indexes closed down more than 1%, with the Dow Jones Industrial Average falling 953.33 points or 1.87%, falling below 5,000. At the 0 o'clock mark, the S&P 500 Index fell 1.62%, the Nasdaq Index fell 1.98%, the Philadelphia Semiconductor Index fell 3.57%, and TSMC ADR fell 4.48% to close at $408.75.

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