
U.S. technology stocks plummeted, dragging down Taiwan stocks. TSMC made a sharp sell-off in early trading and once hit its limit of 2,020 yuan.
AI-generated summary
U.S. technology stocks plummeted across the board on Thursday, with the Samsung Electronics Index plunging more than 10% and TSMC ADR plunging 10.78% to close at $353.1. Taiwan stocks plummeted by more than 3,700 points in early trading on the 6th. TSMC made a sharp sell-off and was once hit to its daily limit of 2,020 yuan, reaching a new low in nearly eight months. Its market value evaporated by 5.7 trillion yuan in a single day.
TSMC once hit its daily limit on Friday, with its market value evaporating by 5.7 trillion yuan in a single day. (Reuters)
[Reporter Lin Yiru/Report from Taipei] U.S. technology stocks suffered a bloodbath, and Taiwanese stocks also staged a fund royale today (6th), plunging more than 3,700 points in early trading. TSMC (2330) also made a sharp sell-off, and was once hit the price limit of 2,020 yuan, reaching a new low in nearly 8 months. The market value has evaporated by 5.7 trillion yuan in a single day. As of 9:10 a.m., the trading volume has reached 26,000.
U.S. technology stocks plummeted across the board on Thursday, with the Samsung Electronics Co. index plunging more than 10%. TSMC ADR also plummeted 10.78%, closing at $353.1. Both the FedEx Semiconductor Index and TSMC ADR plummeted. Taiwan stocks could not escape the selling pressure today.
Judging from the trends of the three major legal entities, foreign investors sold more than 10,000 contracts yesterday and have sold more than 220,000 contracts for 20 consecutive trading days. Tuyang has sold more than 220,000 contracts in a row. The investment bank has bought more than 25 consecutive trading days, with a cumulative purchase of more than 37,000 contracts. The self-operated traders have also bought five consecutive contracts.

U.S. stocks fell sharply on Thursday, with the Dow Jones falling 1,833.06 points or 3.44%, the Nasdaq falling 5.52%, the S&P 500 falling 4.36%, and the Philadelphia Semiconductor Index plummeting 12.25%. The disaster extended to Asia, with Taiwan stocks plummeting, the Nikkei index plummeting 4,106.9 points to 56,971.00 points, and Korean stocks falling more than 8% during the session, triggering the circuit breaker mechanism. The market is worried that investment in AI infrastructure will be suppressed after the Democrats win control of the U.S. Congress.

The Taiwan stock market fell from nearly 50,000 points to more than 8,000 points in the short term. Investment expert Ye Yushuo shared that a friend lost 2.83 million in this wave of "Taiwan Stock Aurora". Netizens laughed at themselves and hugged each other to keep warm. Ye Yushuo warned that the heavy drop in the night market may lead to a big drop tomorrow.
The second domestically produced large-scale cruise ship "Aida Huacheng" was officially delivered in Shanghai on the 6th, marking a key leap for domestically produced large-scale cruise ships from single-ship breakthrough to serial construction. The ship has a length of 341 meters, a total tonnage of 141,900 tons, and a maximum passenger capacity of 5,232. It will set sail from Nansha, Guangzhou, and will be fully upgraded on the basis of the first "Aida·Modu".

The U.S. Democratic Party will introduce an AI ban. The Philadelphia Semiconductor Index plummeted by 12.25%. The Taiwan Index plummeted 2,946 points in night trading, a drop of 7.03%. Taiwan stocks may break the 40,000 mark today. Financing recovery orders will be issued, and AI concept stocks will bear the brunt.

According to data from Vanda Research, when U.S. technology stocks plummeted on Thursday, retail investors sold a net US$338 million in individual stocks in a single day, setting a record since the COVID-19 epidemic and the largest single-day net outflow of funds since March 2020. The Dow Jones Industrial Average plummeted 1,800 points and the Nasdaq Composite Index entered correction territory. Retail buying almost completely disappeared, leaving only leveraged ETFs such as TQQQ and SOXL still buying.

Major state-owned banks, joint-stock banks, urban and rural commercial banks, and foreign-funded banks have collectively restarted the issuance of large-denomination certificates of deposit, with interest rates as high as 1.92%. Mid- to long-term product quotas are tight, and many bank apps show that they are sold out. Experts believe that multiple factors such as repricing of high-cost funds, imbalance of asset-liability structure, opening up of price space and improvement of management systems have promoted the return of large-denomination certificates of deposit.