Taiwanese borrow to buy stocks in AI-fuelled frenzy
TAIPEI, Sept 3 — As Taiwan’s stock market soared this year, real-estate worker Lucas Chen borrowed NT$5 mill...
Taiwan’s stock market saw a 59% surge in the first half of the year, driven by demand for chip giant TSMC’s AI hardware. Real-estate worker Lucas Chen borrowed NT$5 million to invest in tech shares, which quadrupled within six months. Financial influencer Yeh Yu-shuo reported that hundreds of thousands of members in his Facebook group saw losses, some close to half their investments.
While authorities have warned about risks, banks and brokers are eager to fund stock purchases, leading young investors to "buy stocks like crazy". Margin trading also increased by nearly 20% in the first half. Despite concerns, Taiwan’s stock index recovered from a record high, and Chen said the market remains a "windfall for our generation".
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
