Reported 8 months ago
Despite the recent historical highs in the Taiwan stock market, a young stock whiz faced harsh short selling pressure as the Taiwan Stock Exchange revealed that a securities firm defaulted on buying and selling Taiwan Semiconductor (stock code 2330) shares, totaling 28.92 million USD. This incident was analyzed to have been triggered by misjudgment following Taiwan Semiconductor's surge past 900 NT dollars and further speculation towards the 1,000 NT dollar mark, leading to a situation where the stock price did not significantly drop after being shorted at high levels, resulting in the harsh short selling pressure.
Source: YAHOO