Taiwan stocks plunged 287 points today (26), not only the biggest drop since 2021, but also the heaviest single day in 4 months after falling 319 points on 9/24 last year. The FSC said that There are three major reasons for the weakness of Asian stocks, but the FSC is still confident that the fundamentals of Taiwan stocks are still quite stable.
Cai Liling, deputy director of the Securities and Futures Bureau of the Financial Services Commission, said that the Taiwan stock market fell sharply today, mainly due to the weakening of Asian stocks, the uncertain US bailout case, and the impact of global epidemic changes.
According to the statistics of the FSC, Taiwan stocks fell 1.8% today, and other Asian stocks also fell generally. South Korea fell 2.1%, Hong Kong fell 1.91%, Shanghai fell 1.33%, Singapore fell 1.04%, and Japan fell 0.77%.
Cai Liling emphasized that although Taiwan stocks have fallen, the trading volume is still large. The trading volume of listed stocks reached 352.625 billion yuan, and the fundamentals of Taiwan stocks are still quite good. As of the end of December last year, Taiwan’s equity price-to-earnings ratio was 22.37 times and the cash yield was 2.81%. , Plus the stock dividend is 2.99%. In addition, the monthly revenue in December last year was 3.55 trillion yuan, an increase of 3% over November last year. Last year’s cumulative revenue was 34.43 trillion yuan, which still grew by 1.12% even under the impact of the epidemic, indicating that the fundamentals of Taiwan stocks are still quite stable.
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