讀後心得

The Taiwan stock market slightly rose on April 2, but with U.S. President Trump announcing a 32% heavy tariff on export goods from Taiwan, it is expected that the Taiwan stock market will experience a corrective decline after the holiday. The U.S. stock market fluctuated dramatically due to the tariff news, with indices such as the Dow Jones and Nasdaq seeing substantial declines. Historically, the Taiwan stock market tends to experience a corrective decline when global markets are volatile, and there are concerns among investors regarding Monday's market trends.

▲The US stock market has been severely hit, and the Taiwan stock market may face a significant decline on Monday. The image shows a scene circulating online of a master chanting to save the stock market. (Illustrative image)

The Taiwan stock market closed at 21,298.22 points on April 2, up 0.08% or 18.05 points, with a trading volume of NT$232.849 billion. However, during the Qingming holiday, the US President announced unexpectedly high tariffs, imposing a 32% heavy tax on products exported from Taiwan to the US, leading to a major sell-off in the US stock market. According to reports, on April 3 and 4, the Dow Jones index plummeted by 1,679.39 points (3.98%) and 2,231.07 points (5.5%), respectively, the Nasdaq dropped by 1,050.44 points (5.97%) and 962.82 points (5.82%), and the S&P 500 index fell by 274.45 points (4.84%) and 322.44 points (5.97%). The Philadelphia Semiconductor index also saw significant declines, dropping by 427.1 points (9.88%) and 296 points (7.6%). Typically, if the global stock market experiences turbulence during holidays, the Taiwan stock market tends to show a corrective decline on the first trading day after the holiday ends, making Monday a focus of concern for investors regarding a potential heavy loss.

• Top ten largest declines in Taiwan stock history:
• 1. Down 1,807.21 points (8.35%) on August 5, 2024, experiencing two consecutive days of plummeting due to the US manufacturing index hitting a nearly 8-month low and rising unemployment rates, causing market concerns about an economic recession.
• 2. Down 1,004.01 points (4.43%) on August 2, 2024, impacted by poor manufacturing data from the US.
• 3. Down 999.46 points (4.52%) on September 4, 2024, due to Nvidia facing antitrust investigations and lower-than-expected financial reports affecting market confidence.
• 4. Down 906.99 points (4.2%) on March 31, 2025, due to uncertainties surrounding the US President's imposition of reciprocal tariffs and heightened tensions in the Taiwan Strait.
• 5. Down 830.70 points (3.53%) on February 3, 2025, affected by tariff wars and concerns in the AI market.
• 6. Down 696.70 points (5.75%) on January 30, 2020, due to the outbreak of COVID-19 leading to an immediate corrective drop in the stock market.
• 7. Down 680.76 points (4.11%) on May 12, 2021, due to corrections in the US stock market and worsening COVID-19 pandemic effects.
• 8. Down 660.72 points (6.31%) on October 11, 2018, impacted by rising US Treasury yields and volatility in the US stock market.
• 9. Down 652.48 points (3.79%) on May 11, 2021, facing selling pressure after a short-term peak.
• 10. Down 617.65 points (6.55%) on March 13, 2000, due to the bursting of the internet bubble affecting global markets.

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