Taiwan Stock Market on the Brink: Will a Record-Breaking Trading Volume Emerge?

Following a Dramatic Plunge, Market Anticipates Historic Trading Activity.

After a historic plunge on April 7th, the Taiwan stock market (台股) is bracing itself for potentially unprecedented trading volume on April 8th. The market is buzzing with anticipation, fueled by the previous day's dramatic losses.

Shortly after the opening bell on April 8th, around 9:04 AM, information systems displayed a projected trading volume of NT$1.3694 trillion. This surge in activity caused technical difficulties for some brokers, with mobile trading platforms experiencing slowdowns. Even if the final volume is lower than the initial projection – experts often suggest an 80% adjustment from the opening estimate – a trillion-dollar trading day remains a distinct possibility. The market is keenly watching to see if this historic level will be reached.

Following the Qingming Festival break, the Taiwan stock market reopened, and the weighted index on April 7th experienced a predicted sharp decline. The index plummeted by 2,065.87 points (-9.7%), setting new records for single-day losses in terms of percentage, points, and the number of stocks hitting their daily lower limit (937 companies). The massive number of companies locked at their lower limits impacted liquidity, resulting in a relatively low trading volume of only NT$157.6 billion. On April 8th, the market didn't see a complete sell-off at the open, but instead witnessed a surge of margin calls, significantly increasing trading volume. At 9:04 AM, the information system projected a trading volume of NT$1.3694 trillion. By 9:15 AM, the estimate had been adjusted to approximately NT$1.1 trillion.