The ruling party lost the election, Taiwan stocks gapped and fell sharply in early trading (file photo)

[Reporter Zhuo Yijun/Taipei Report] The Democratic Progressive Party’s defeat in the local elections in the nine-in-one region, coupled with the weakening of U.S. stock futures, the market is worried that the government will no longer protect the market after the election. Taiwan stocks are under great pressure at the opening today. Biotech stocks also borne the brunt of the decline of more than 2.5% in the morning. The weighted index fell more than 233 points in early trading, but then there were low-accept buying orders, the decline converged, and the long-short battle was fierce.

Lunfei (2364) rose sharply in the morning. After the biotech group opened lower in the morning, Heyi (4743) and Zhongtian (4128) quickly rose to the top. Buyers entered the market, with a fluctuation of more than 5%. Automobile-related stocks strengthened today, and Taihan (5425) continued to strengthen.

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The legal person pointed out that after the election, Taiwan stocks returned to their fundamentals. If the U.S. stocks continue to strengthen, Taiwan stocks may still start a wave of accounting and dreaming before the end of the year. This week, Federal Reserve Chairman Powell will give a speech. The market reaction needs to be observed again.

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