All four major U.S. stock market indexes fell last night, with the Philadelphia Semiconductor Index being particularly miserable, closing down 7.14%. Affected by this, Taiwan's stock market, which focuses on the semiconductor industry, staged a battle royale today. The weighted index closed down 4.43%, reaching an astonishing 1,004.01 points, the largest drop in the history of Taiwan stocks. According to statistics, the market value of Taiwan stocks has evaporated by approximately NT$3.2 trillion today.
Taiwan stock graduation papers emerge
Against the background of a thousand-point collapse, graduation articles on Taiwanese stocks emerged one after another in the community. On the forum PTT, netizen brian0211 posted a post with the title "Graduation Essay" saying that he lost NT$670,000 when buying Taiwan Index futures:
You have to pay it back when you enter the casino. I was in a bad mood yesterday when I lost in the billiard room. Before taking a shower, something suddenly went wrong. All in the main platform wanted to jog for 20-30 o'clock and get out at around 22330. Then the market opened in the morning and my mood exploded. .
PTT netizen Arnold also posted that he lost NT$500,000 and planned not to touch stocks for the time being:
Yesterday, I thought it would drop slightly, so I rushed the last train to catch up, but I woke up with a loss of 500,000.
Now, what I feel most sorry for is my family. I can't help them live a good life as soon as possible. 500,000 is a lot less, but I can find some part-time jobs and I believe I can make money back in a few years. If I had known this, I might as well have taken my family abroad to eat. Good news, I won’t touch stocks for the time being.
What stage is the stock market at now?
On the other hand, some netizens on PTT also posted an article saying what stage the stock market has reached at present, and attached a "retail investor stage chart":
That's right, it's the retail investor stage chart that I have to review every once in a while. After yesterday's rebound, it directly killed 1,004 points today to set a historical record.
Judging from the rebound a while ago, the current retail investor chart has reached 19. That’s right!
In this regard, netizens commented on different stages of the stock market, but most netizens believe that the stock market will fall again. "The mood has not started to be pessimistic yet and will continue to fall." "The U.S. stock market has just collapsed a little now and the economy has just started to decline." "There will be a downward trend for at least two months."
However, financial experts said that the U.S. Federal Reserve has a high probability of cutting interest rates in September, and the market predicts that the Federal Reserve may cut interest rates three times before the end of this year. By then, a large amount of money will pour into the financial market, so investors do not need to be overly nervous. However, experts also remind that risks should be carefully weighed when making investment decisions.
