April's list of the 20 most plummeting stocks on the Taiwan Stock Exchange has been announced. Major contractor Zhongding America has faced a significant setback, with its stock price falling over 20% in a month. Holding company Wistron (6668), invested by the Hon Hai group, has seen the most severe drop of over 30%. Consequently, sectors such as optics, electronics, construction, and textiles have been affected.
Zhongding America's Setback and Wistron Corp's Plunge
Statistics reveal that Wistron Corp (6668) was the biggest loser in April, even with approximately 18% ownership by Hon Hai Group; it couldn't evade the correction. Similarly, Zhongding (9933) has been significantly impacted by issues in the U.S. market, ranking as the second-largest loser. Other companies like Taiding-KY (4927), Yubao-Chuang (3150), Bocheng (6141), Dayun Optoelectronics (8045), and Wistron Corp (3661) also made it to the list.
Pessimistic Outlook for Construction Stocks
Experts suggest that the upcoming months may not bode well for construction stocks due to the overall market sentiment negatively influenced by the tariff concerns raised by former President Trump. The housing market is also cooling, prompting analysts to advise investors to shift their portfolios towards resilient domestic industries such as food services and retail for a defensive strategy.