9.7% collapse — the largest in history: panic on the market, emergency stop of trading.

Chain reaction in Asia: volatility will spread to other exchanges in the region.

Threat to the global tech sector: especially if TSMC is affected — a critical player in chip production.

Capital outflow and pressure on the currency: investors are withdrawing money, the Taiwanese dollar is under attack.

Growing interest in safe haven assets: gold, US dollar, government bonds.

Possible geopolitical background: if there is a factor of China — the risks are systemic.

Revision of strategy by investors: capital may be redistributed to more stable regions.

Summary: not just a drawdown, but a potential trigger for a global redistribution of risks.