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🇹🇼 Taiwan /Economy & Trade

Foreign Investors Dump Powerchip Stock, Retail Investors Face Losses

From Liberty Times · () Chinese

Translated from Chinese, summarized and contextualized by DistantNews.

At a glance

News Named sources Context piece
  • Powerchip Semiconductor Manufacturing Co. (PSMC) has seen its stock price plummet, with foreign investors selling off approximately 224,000 shares in just six trading days.
  • The stock reached an intraday high of NT$94.5 and a closing high of NT$88.7 in late May, but has since fallen back to the NT$60 range.
  • Retail investors are expressing distress on social media, facing significant paper losses and debating whether to cut their losses or average down.

The stock price of Powerchip Semiconductor Manufacturing Co. (PSMC) has experienced a sharp decline, causing distress among retail investors. Foreign institutional investors have been aggressively selling off their holdings, offloading about 224,000 shares in a mere six trading days. On July 24, the stock was heavily sold, with foreign investors dumping as many as 43,000 shares.

PSMC has fallen back to the price level near the May 21 starting point, should I add more to average down, or continue to be trapped? It's very difficult.

— NetizenExpressing frustration and uncertainty about PSMC's stock performance on a social media platform.

PSMC's stock had previously reached record highs in late May, hitting an intraday peak of NT$94.5 on June 1 and a closing high of NT$88.7 on May 29, marking a 56.7% increase during that period. However, the rally has since lost steam, and the stock has retreated to the NT$60 range.

I don't want to look at it for now.

— NetizenDescribing their emotional response to the stock's decline.

The recent volatility has left many investors who bought at higher prices facing significant paper losses. Discussions on social media platforms reveal widespread anxiety, with one netizen lamenting, "PSMC has fallen back to the price level near the May 21 starting point, should I add more to average down, or continue to be trapped? It's very difficult."

I bought at 81.4, I'm going crazy.

— NetizenSharing their personal investment loss on PSMC stock.

Other investors shared similar sentiments, with some expressing a desire to stop checking the stock's performance altogether. One user admitted buying at NT$81.4 and feeling "crazy," while another pessimistically predicted a further drop to NT$48. Concerns about prolonged holding periods and potential stock swaps were also voiced, with some investors reporting losses of up to 30% and questioning if they would be "trapped for the whole year."

See you at 48 yuan.

— NetizenA pessimistic prediction about PSMC's future stock price.
DistantNews Editorial

Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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