The founder of Apple’s supplier predicted a rapid collapse of the US stock market if there is a war in Taiwan. He quickly deleted the comment after posting it.

The founder of Apple's supplier predicted a rapid collapse of the US stock market if there is a war in Taiwan. He quickly deleted the comment after posting it.

The Impending Wall Street Disaster: Terry Gou’s Dire Warning

Foxconn Founder Terry Gou

Taiwan’s founder of Foxconn, Terry Gou, has issued a dire warning that the US stock market would collapse in just 10 seconds if a war were to break out over Taiwan. The Taiwanese billionaire made this statement in a now-deleted Facebook post, where he emphasized the vital role of Taiwan in the global economy, surpassing even that of Ukraine, which is currently embroiled in a war with Russia. Gou’s insights into the potential impact on financial markets shed light on Taiwan’s significance as the world’s top chip supplier and China’s territorial claims over the region.

Gou’s warning came after a meeting with New York Times columnist Thomas Friedman, where he expressed his concerns about a potential conflict in the Taiwan Strait. His assertion that the collapse of the US stock market would occur in a matter of seconds demonstrates the immediate and disastrous consequences that could arise from such a situation. Gou’s insights are particularly noteworthy given his stature as the founder of Foxconn, also known as Hon Hai Precision Industry, a prominent Apple supplier.

With a personal net worth of nearly $7.2 billion, Gou’s wealth is significantly tied to his 12.6% stake in the publicly traded division of Foxconn, according to the Bloomberg Billionaires Index. His astute observations on the impact of a Taiwan conflict on global economics and financial markets should not be taken lightly. Although Gou’s Facebook post has been deleted, a cached copy ensures that his message persists.

These comments on the geopolitical tensions surrounding Taiwan also coincide with speculation about Gou’s political ambitions. In 2019, he resigned as Foxconn’s chairman in a bid to run for Taiwan’s presidency but ultimately dropped out after failing to secure the nomination from KMT, Taiwan’s main opposition party. However, there are indications that Gou may still harbor aspirations for the country’s top position, with some analysts suggesting he may make another attempt in the upcoming 2024 presidential election.

As the world watches Taiwan’s evolving political landscape, Gou’s warning serves as a reminder of the potential volatility and economic repercussions in the event of a conflict. Although Gou stated that Taiwan might be able to hold out for three months in a war, the magnitude of its impact on the global economy and financial markets would be enormous and immediate. Investors and market participants must consider the implications of such a scenario and position themselves accordingly.

While Gou has not responded to requests for comment, his words speak volumes about the significance of Taiwan’s role in the world economy and the potential consequences of any military conflict in the region. As tensions continue to escalate, it is essential to recognize the interconnectedness of geopolitical events and financial markets, ensuring preparedness and proactive decision-making.

The coming years will undoubtedly be crucial for Taiwan, as the nation navigates its political landscape and the world scrutinizes the implications of its actions. As we count down to the 2024 presidential election, all eyes will be on Taiwan and its potential impact on the global stage.