Taiwan stocks were bloodied, and the fortunes of Morris Chang, Terry Gou, and Lin Bai-li instantly evaporated
On the 7th, the Taiwan stock market plummeted by 2,065.87 points, closing at 19,232.35 points, marking the largest point drop at closing, with a decline of 9.7%. 937 listed companies hit the daily limit down, with weighted stocks such as Taiwan Semiconductor, Hon Hai, and Quanta all closing at the limit down. The fortunes of figures like Morris Chang, Terry Gou, and Lin Bai-li evaporated instantly, with Terry Gou losing NT$ 26.132 billion and Morris Chang losing NT$ 11.762 billion. This stock market crash is related to Trump's tariff policy, with trading volume dropping to a new low since December 30, 2022
On the 7th, the Taiwan stock market was severely hit, closing at 19,232.35 points, down 2,065.87 points, with as many as 937 listed companies hitting the daily limit down. Major stocks such as Taiwan Semiconductor (2330), Hon Hai (2317), and Quanta (2382) all closed at the limit down. The net worth of figures like Morris Chang, C.C. Wei, Terry Gou, and Lin Bai-li also evaporated instantly. Among them, Terry Gou's net worth shrank by NT$ 26.132 billion, while Morris Chang, based on his pre-retirement holding of 125,100 shares, saw a decrease of NT$ 11.762 billion.
The tsunami of tariffs from Trump triggered a global stock disaster, with the Taiwan stock market plummeting by 2,065.87 points on the 7th, marking the largest closing drop in points, ending at 19,232.35 points, a decline of 9.7%. The trading volume sharply decreased to only NT$ 147.295 billion, the lowest since December 30, 2022.
All weighted stocks were in deep red, with Taiwan Semiconductor closing at the limit down of NT$ 848, down NT$ 94. Other companies like MediaTek (2454), Hon Hai, Fubon Financial (2881), Delta Electronics (2308), Cathay Financial (2882), and Quanta also closed at the limit down. Taiwan Semiconductor experienced its first limit down opening since December 2, 2008, and remained locked until the close, with its market value dropping to NT$ 21.9909 trillion, with over 118,000 limit down sell orders and 2.54 million shares available for sale.
With the sharp decline in Taiwan Semiconductor's stock price, the net worth of founder Morris Chang and chairman C.C. Wei also evaporated significantly. Based on Morris Chang's pre-retirement holding of 120,513 shares, his net worth decreased by NT$ 11.762 billion, while C.C. Wei, holding 6,392 shares of Taiwan Semiconductor, saw a reduction of NT$ 600 million.
Hon Hai closed at NT$ 138.5, down NT$ 15, with founder Terry Gou holding 1,742,198 shares, resulting in a net worth drop of NT$ 26.132 billion. Quanta closed at NT$ 210, down NT$ 23, with chairman Lin Bai-li holding 415,738 shares, leading to a net worth reduction of NT$ 9.561 billion
