Foxconn Plummets in Taiwan Market: Shares Hit One-Year Low Amidst Market Downturn

Massive Trading Volume Fails to Stem the Tide as Concerns Mount Over US Tariffs and Broader Market Volatility in Taiwan.

The Taiwan stock market experienced further decline on the 8th, closing at 18,459.95 points, a drop of 772.4 points. Notably, Foxconn (2317) saw over 300,000 shares traded but still closed at its daily limit down, hitting 125 TWD per share. This represents a low not seen since March 15th of the previous year, more than a year ago. The trading volume was also significant, being the highest since August 6th of the previous year. Financial institutions suggest that concerns about high US tariffs are a significant factor contributing to the continued weakness in Foxconn's stock price.

Following the Qingming Festival holiday, the Taiwan stock market has experienced significant drops, fueled by panic selling. On the 7th, the market recorded its largest single-day point drop in history. The negative trend continued on the 8th, opening at 19,064.47 points, down 167.88 points. Faced with forced margin calls, the index declined further, dropping to 18,180.48 points at one point, a decrease of 1,051.87 points. The market closed at 18,459.95 points, down 772.4 points, resulting in a loss of 2,838.27 points in just two days.