Taiwan Stocks Plunge 2,000 Points; Ex-Anchor Urges Focus on Long-Term Value
Translated from Chinese, summarized and contextualized by DistantNews.
At a glance
- Taiwan's stock market experienced a significant drop of 2,000 points on July 28, with many popular AI and semiconductor stocks falling sharply.
- Former anchor Chiu Chin-yi advised investors to focus on the long-term value of companies rather than daily price fluctuations.
- She emphasized that true innovation and progress continue despite market downturns, urging a focus on fundamental value over emotional reactions.
Taiwan's stock market plunged 2,000 points on July 28, impacting many popular AI and semiconductor stocks. Former anchor and host Chiu Chin-yi acknowledged the widespread anxiety among investors, noting that planned expenses like down payments for homes, travel funds, and small purchases might be temporarily affected. She observed that the day's market movements left many feeling disheartened.
Chiu questioned whether the stock price drops reflected fundamental issues or merely emotional reactions. She suggested that investors who bought into unfamiliar companies, used excessive leverage, or invested too much capital in unsuitable positions would feel the pressure most acutely. She pointed out that technological advancement, including software development, AI model training, and chip design, continues unabated, driven by engineers and companies committed to research and development.
The people who truly change the world have not stopped moving forward because of today's stock price decline.
"The people who truly change the world have not stopped moving forward because of today's stock price decline," Chiu stated. She consistently reminds herself and others to "look not just at today's price, but at the value over the next 5 to 10 years." This perspective encourages a focus on long-term potential rather than short-term market volatility.
Don't just look at today's price, but at the value over the next 5 to 10 years.
Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.