Taiwan stocks suffered a record 302.5 billion withdrawals from foreign investors! Netizens’ reactions exposed

Foreign investors slashed NT$302.555 billion in Taiwanese stocks today, setting the largest single-day overselling amount in history.

Inflation in the United States heated up in September, and market doubts about interest rate hikes increased again, dragging the Philadelphia Semiconductor Index down 4.3% on Wednesday (14th), and the Japanese and Korean stock markets also weakened simultaneously. Taiwan stocks encountered fierce selling pressure today (15th), with the weighted index plunging 1,655.96 points at the end, not only setting the sixth largest single-day closing point in history, but also falling below the 47,000-point mark. Foreign investors made larger withdrawals, with the amount of overselling in a single day reaching 302.555 billion yuan, setting a new record for the largest single-day overselling in the history of Taiwan stocks.

Taiwan stocks encountered epic selling pressure, triggering heated discussions among netizens. Faced with the astonishing scale of foreign capital withdrawals, some netizens couldn't help but exclaim: "Looking at the selling pressure, I would have thought Taiwan was hit by a Chinese missile today." Others described this wave of fierce selling pressure with terms such as "anniversary special offer period" and "Taiwan stock cash machine", which sparked a heated discussion.

However, some netizens believe that even though foreign capital oversold the amount and hit a record high, the decline in Taiwan stocks still shows that the market's ability to bear the burden should not be underestimated. They left messages saying, "But it fell less than 2,000 points, and the fourth legal person is still strong." "After selling so much, the Taiwan stock market fell more than 1,600 points. It’s so strong! It can’t be sold, poor foreign investors”, “The worst thing is that foreign investors are still overselling this year, domestic investors are really rich”, “Don’t underestimate the ability of the fourth largest legal person to take over orders! Hahaha”, etc. They believe that the ability of local funds to take over has become an important force supporting the market trend.

In addition, many netizens also compared this crash with the stock market correction in July this year, believing that the market shock at that time was even more alarming. Some netizens commented: "It was more painful in July," "I don't think it was as scary as in July. It was really hell in July," and "The worst thing was the adjustment in July. As the old saying goes, don't chase the high." However, some people are optimistic about the market outlook, believing that the rebound after this wave of decline may be stronger, saying bluntly, "The rebound may be stronger than in July~~".

On the other hand, some netizens believe that a sharp one-day drop may not be the most worrying situation. In contrast, if the market continues to decline slowly, it will be more disturbing, saying, "A big drop is not too scary, but a slow decline is more worrying."