Taiwan stocks plunge for second day; musician E.SO advises investors to 'stop looking at phones'

Taiwan's stock market has seen a sharp decline for two consecutive days, fueling widespread panic among investors. The market's volatility has become a major topic of discussion, with public figures offering their perspectives.

During a promotional event for a sports brand, musician E.SO, a member of the popular group MJ116, was asked about the stock market crash. He humorously advised investors to put down their phones and refrain from constantly checking market fluctuations. E.SO also posed a rhetorical question to the audience: "Why did you buy so much in the first place? Why did you use leverage?" This remark elicited laughter and resonated with many, highlighting a common sentiment about investment strategies.

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I suggest everyone stop looking at your phones at this time. Turn them off. This is just a temporary correction, don't be too nervous.

The recent market downturn is linked to global trends, including advancements in China's semiconductor manufacturing technology, which has raised concerns about a cooling AI investment boom. This has led to a sell-off in global technology stocks, with the Philadelphia Semiconductor Index experiencing a significant drop. Taiwan's stock market followed suit, with major indices falling sharply and key technology stocks like MediaTek and Delta Electronics seeing substantial losses.

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Why did you buy so much in the first place? Why did you use leverage?