Taiwan Stock Market Plummets 222 Points Amid Trump’s Criticism of Powell

U.S. President Donald Trump has once again criticized Federal Reserve Chairman Jerome Powell, causing a new wave of turmoil in the financial markets, as Taiwan's stock market opened with a sharp decline of 222 points. The weighted index has dropped below all short, medium, and long-term moving averages, reaching 18,884.2 points, while TSMC saw a drop of 15 dollars, down to 820 dollars. The panic atmosphere in the market has intensified, leading to a significant drop in the U.S. dollar and a broad sell-off in the three major U.S. stock indices, with the Dow Jones down 971 points.
Trump's remarks have raised significant concerns regarding monetary policy direction, causing the VIX fear index to spike nearly 14%. Additionally, although foreign futures slightly reduced their net short positions, cash markets continued to see a sell-off of 19.5 billion NT dollars, reflecting a bearish sentiment overall. Despite investment trusts purchasing 24.6 billion NT dollars, the margin financing showed a significant decrease of 34 billion NT dollars, indicating that retail investors are exiting the market.