讀後心得

On April 2, U.S. President Trump announced radical tariff policies, implementing a 10% base tariff on all countries and imposing additional tariffs on approximately 60 countries, with Taiwan facing a 32% tariff. This move triggered a plunge in international stock markets, with the U.S. Dow Jones index plummeting 3,900 points in two days. Asian stock markets also generally experienced severe declines, leading the Taiwanese stock market to face downward pressure, with analysts predicting a possible retracement to 20,000 points. Experts recommend that investors avoid high-leverage operations, moderately increase cash positions, and watch for changes in market sentiment.

The President of the United States launched a radical tariff policy on April 2, causing severe fluctuations in international stock markets, and the Taiwan stock market faced immense pressure for a correction on Monday.

The policy includes a 10% base tariff on all countries and additional tariffs on approximately 60 countries, with Taiwan's corresponding tariff reaching as high as 32%, exceeding the rates of Japan and South Korea. In the U.S. stock market, the Dow Jones Industrial Average plummeted by 3,900 points within two days, while the Philadelphia Semiconductor Index dropped by 16.74%. The Japanese and Vietnamese stock markets also experienced significant declines, with Vietnam particularly affected by a 46% corresponding tariff, resulting in a market drop of over 8%. However, the Vietnamese government has expressed willingness to reduce its import tariffs on the U.S. to 0, aiming for more negotiation time.

The Taiwan stock market closed for two days after last Wednesday's session and may experience a correction when it reopens. With TSMC ADRs falling by 13.84% over the two days, it is predicted that TSMC might open down 130 TWD on Monday, which could exert a downward pressure of 98 points on the index. If other weighted stocks are included, the Taiwan stock market could see its largest decline since the stock market crash in August of last year.

Market experts indicate that although the Taiwan stock market had already corrected before the announcement of the tariff policy, the impact during the holiday period has worsened market sentiment, especially with Taiwan's tax rates exceeding expectations. However, if negotiations can be pursued in line with Vietnam, there is still potential to improve the situation. Experts recommend that investors temporarily avoid high-leverage operations and increase cash ratios, waiting for market sentiment to stabilize before making plans.

Investors should not rush to enter the market but should observe the stabilization of market sentiment. Market experts expect that as uncertainties are digested, there may be a gradual rebound in the future, and they anticipate that TSMC's earnings conference will provide more information.