
AI-generated summary
Taiwan stocks experienced selling pressure on the first trading day after the National Day holiday, with the weighted index plunging by more than 544 points. Zhangyuan is a large stainless steel pipe manufacturer, mainly engaged in steel-related industries.
Zhangyuan (2030), a major stainless steel pipe manufacturer, turned on its lights and dropped to its limit shortly after the opening today (12th), attracting market attention. (Picture taken from Zhangyuan official website)
[Financial Channel/Comprehensive Report] Taiwan stocks today (12th) ushered in the first trading day after the Double Ten National Day holiday. Market selling pressure emerged. The weighted index opened at 49,272.08 points. It once fell to 48,768.82 points during the session, a drop of more than 544 points. Changyuan (2030), a major stainless steel pipe manufacturer, could not escape the decline. Shortly after the opening of trading, it turned on and hit the limit, attracting market attention.
Zhangyuan opened at 33.1 yuan today, down 2.45 yuan, and hit the lower limit of 32 yuan shortly after the opening. As of 10:36 a.m. Taipei time, the trading volume has exceeded 3,300 contracts, and the limit-selling number has exceeded 2,500 contracts. The selling pressure is quite heavy.
Please read on...
Zhangyuan's stock price plummeted, which also triggered heated discussions among investors. Some netizens couldn't help complaining, "Why is it falling?" and "Ahem, Zhangyuan fell miserably when it came out of the stock market. I'm crying." Some people thought that the drop was too big, saying, "Retail investors just rose a little and retreated, but today it was a bit super, super, super... super drop."
However, some investors took advantage of the situation to enter the market, optimistic about the opportunities brought by the stock price retracement, saying, "I took advantage of the sharp drop to cover up, and made 13.57% in 5 days. That's good, thank you to the market." The long and short views are divided.
According to the company’s business information, Zhangyuan is mainly engaged in steel-related industries. Its business covers steel rolling and extrusion, steel casting, steel secondary processing, metal product manufacturing, as well as heat treatment, surface treatment and other fields. It also involves hardware wholesale, international trade and product design.
Grasp the economic pulse with one hand. Click here to subscribe to Free Finance Youtube channel
AI outlook — possibilities, not facts
Zhangyuan's stock price will continue to fluctuate in the short term and may try to rebound in the next few trading days.
Possible · Within days

UBS believes that the worst moment of gold's adjustment driven by the Federal Reserve's hawkish expectations may have passed. As the U.S. labor market shows signs of cooling, gold buying opportunities are gradually emerging. Gold prices are seeking support around $4,140 to $4,200. History shows that gold prices often rebound after U.S. bond yields fall.

Malaysian government officials are in talks to potentially back AirAsia's fundraising efforts as the airline faces financial pressure from rising jet fuel prices, with conditions under discussion, according to sources familiar with the matter.
On October 10, Wu Qing, Secretary and Chairman of the Party Committee of the China Securities Regulatory Commission, held an expert symposium on capital markets and financial situations in Beijing to have in-depth exchanges with heads of listed companies and experts from securities fund institutions. Participants believed that my country's macro-economy is stable and improving, and proposed to continue to strengthen the construction of market stabilization mechanisms, expand medium and long-term funding sources, develop and expand patient capital, promote qualified listed companies to increase dividend repurchases, and improve investor returns and rights protection mechanisms. Qian Shengdong, investment consultant of Galaxy Securities, pointed out that the core of the symposium was to stabilize expectations rather than strong stimulus, and the policy was developed around the two main lines of capital and return. He Li, chief investment adviser of Cathay Pacific Haitong, said that the symposium unified the consensus on the market situation and made it clear that we should continue to strengthen the construction of market stabilization mechanisms, research and reserve more incremental policy tools. The symposium will regard broadening channels for medium- and long-term funds to enter the market as an important direction, and proposes to promote qualified listed companies to increase dividend repurchase efforts and improve investor returns and rights protection mechanisms. Just the day before the symposium, the China Securities Regulatory Commission publicly solicited opinions on the "Measures for the Operation and Management of Publicly Offered Securities Investment Funds (Draft for Comment)" and planned to lower the establishment thresholds for stock funds, hybrid funds, funds of funds and other products from 200 million yuan and 200 million units to 50 million yuan and 50 million units. He Li believes that the entry of medium and long-term funds into the market will open up the entry path of long-term funds such as social security, annuities, and insurance, optimize the long-term assessment mechanism of various institutional funds, improve the original speculative atmosphere of the market, and consolidate the long-term stable funding foundation. In terms of investor returns, in addition to promoting dividend buybacks, promoting investor education on indexed investments and improving the delisting system are also important links in improving investor returns. Qian Shengdong analyzed that the capital side is likely to advance along two paths: lowering market entry thresholds and expanding long-term capital sources: on the one hand, it will relax the constraints on product establishment and operation through new public offering regulations, and on the other hand, it will further optimize the market entry channels and investment ratios of long-term funds such as social security, insurance funds, and corporate annuities. He believes that this is more beneficial to leading companies with solid performance and stable cash flow. It is difficult for themed small market capitalization companies to obtain the favor of long-term funds; on the return side, it is necessary to move forward post-event supervision into institutional incentives to promote the normalization of dividend repurchases. The above content is only the guest's personal opinion and does not serve as investment advice. Investment is risky, so be cautious when entering the market.

DBS Group held the "DBS Asia Foresight Summit" in Singapore, inviting Singapore Prime Minister Lawrence Wong, TikTok CEO Zhou Shouzi, Intel CEO Chen Liwu and other leaders to discuss how AI can change industries, business models and work patterns, redefine value creation and capital flows, and influence the future strategic choices of Asian business leaders.

Wangsi (6223) benefited from the demand for high-end probe cards driven by AI and efficient computing applications, and its stock price stormed past the daily limit of 6,130 yuan during the session, returning to the 6,000 yuan mark. Foreign investors bought more than 1,636 contracts for eight consecutive days, and the three major legal entities bought more than 120 contracts last Thursday. The company's consolidated revenue in September was 2.048 billion yuan, an annual increase of 82.23%. Revenue in the third quarter was 5.901 billion yuan, a quarterly increase of 12.9%, an annual increase of approximately 72.9%, and a new high. Samsung Electronics selected two test equipment suppliers verified by TSMC to develop silicon photonics technology, and Wangsi was one of them.
During this year’s National Day Golden Week, top international events such as the China Tennis Open and the WTT China Grand Slam are heating up simultaneously with grassroots events such as the Guizhou Village Super League International Friendly Tournament and the Village BA National Finals. Watching games and participating in sports have become a new trend in holiday leisure. The article points out that sports events connect people's spiritual and cultural life with cultural and sports industry consumption, and are an important way to activate domestic demand. However, my country's event economy is still in the cultivation stage, and there is a problem of "focusing on hosting events and neglecting operations". It is difficult to convert the popularity of the competition into a stable economic increase. To achieve sustainable development, it is necessary to meet the needs of the public, create a multi-level event system, break down the walls of the stadium and integrate into the daily life of the city, and improve the long-term IP operation model, so that event traffic can be converted into retention, popularity can become normal, and truly empower the overall economy.