Taiwan stock market crashed more than 3,700 points at the opening. Legal person: A one-day drop is better than a slow decline every day.

The weighted index of Taiwan stocks collapsed by more than 3,600 points. According to the legal representative, the one-time drop of more than 12% on November 5th may be better than the torturous 6% drop of 6% for two days. Similarly, if the Taiwan stock market index fell 3,000 points at one time and bottomed out, it would be better than three days of falling 1,000 points every day. (File photo)

[Reporter Yang Yamin/Report from Taipei] The weighted index of Taiwan's stocks collapsed by more than 3,600 points. According to the legal representative, the one-time drop of more than 12% on November 5th may be better than the torturous 6% drop for two days. Similarly, if the Taiwan stock market index fell 3,000 points at one time and bottomed out, it would be better than three days of falling 1,000 points every day.

The legal person pointed out that as far as the stock price of the benchmark stock TSMC and the Taiwan stock market are concerned, the Taiwan stock market index has fallen sharply in recent times, which corresponds to the decline of TSMC's stock price from the highest to the lowest point, which is about 14%. TSMC’s stock price fell by 13.7% from 2,590 yuan to 2,235 yuan. On November 5, TSMC’s daily KD value was below 10, which is very rare.

On November 5, the U.S. stock market TSMC's ADR fell by more than 10%. This time, TSMC's stock price may fall by more than 14%, or by about 20%, depending on whether the 20% decline near the 2,100-yuan line is supported.

If TSMC's stock price can stop falling and rebound between 2,000 and 2,100 yuan, the Taiwan stock market may also have a chance to rebound near the annual line of 39,000 points; unless US stocks fall sharply again, TSMC and the market index may fall further.

The legal person pointed out that if the holdings of investors are high, they can only wait for the Taiwan stock market index and individual stock prices to bottom out and rebound, and then eliminate the weak, retain the strong and perform share swap operations. As for investors who use large amounts of financing, they need to control investment risks.

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