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Taipei Stock Market Falls Below 10,000 Mark, Deepest Drop Among Asian Stocks

The Taipei stock market fell 171 points on the 27th to close at 16887.9 points, falling below the 10,000 mark, or 1%, the deepest drop among Asian stocks. Zhang Zimin, deputy director of the Securities and Futures Bureau, said that the average daily volume of Taiwan stocks from June to 26 was 327.3 billion yuan, showing an increase compared to the previous five months. “Market volatility has increased in the short-term, but the long-term is still back to the fundamentals, and the fundamentals and the overall economy are still considered stable.” In the future market, we will pay close attention to the situation of the US interest rate hike, and pay attention to the inward and outward remittance of foreign capital, and take relevant measures in due course.

Taiwan stocks fell below the 10,000 mark today, the largest drop in Asian stocks, and the Financial Supervisory Commission shouted with confidence.File photo: Central News Agency

Zhang Zimin said that the U.S. stock market closed in the black, due to factors such as the Federal Reserve will raise interest rates again this year, and U.S. stock investors are worried about the economic recession. Today (6/27) Japanese and Asian stocks were mixed, and the Taiwan stock index closed at 16,887.90 points. It fell 171.34 points or 1%, and the trading volume was 293.9 billion yuan. At the same time, Japan fell 0.6%, South Korea fell 0.14%, Singapore rose 0.54%, Hong Kong rose 1.5%, and Shanghai rose 0.96%.

In terms of the rise and fall since the beginning of this year, according to the statistics of the Securities and Futures Bureau,This year (112) as of June 26, Taiwan stocks rose by 20.66%, compared with Japan’s 25.31%, South Korea’s 15.46%, Shanghai’s 1.99%, Shenzhen’s 1.3%, Singapore’s 1.9%, and Hong Kong’s 4.99%. Zhang Zimin said that “Taiwan stocks outperformed most Asian stocks.”

As for the average daily volume,As of June 26 this year, the average daily volume of Taiwan stocks was 246.6 billion yuan, a decrease of about 11.93% compared with the 280 billion yuan in the same period last year; however, during the same period of investigation, Singapore fell by 20%, Hong Kong fell by 14.92%, and South Korea also shrank 11.58% etc. Zhang Zimin believes that “the average daily volume of the Asian market has declined”

He further analyzed that the average daily volume of Taiwan stocks since June has been 327.3 billion yuan, showing an increase compared to the previous May. It was 259.5 billion yuan in May and 2302 yuan in April; , January is 192.5 billion yuan.

The reason for the decline in average daily volume this year is due to uncertain risks such as the US interest rate hike and the tense Russian-Ukrainian war. Investors are waiting to see the impact of the financial results of large US companies. However, overall, Taiwan’s equity ratio is 16.13 times and the dividend yield is 3.76. %, the first quarter pre-tax net profit of domestic listed counters was 6.8191 billion yuan and the total revenue was 15 trillion yuan. Although both decreased from last year, they were both the third highest in the past years. “The physique is still stable.” As of the 26th, the maintenance rate of the entire account guarantee for credit transactions was 178.95%.

Zhang Zimin said that the Financial Supervisory Committee will pay close attention to changes in the international financial market in the future, but in the short term, changes in the financial market will cause uncertainty in the stock market and increase market volatility, but in the long run it will still return to fundamentals. Steady. In the future, the market will still be affected by US inflation, the trend of interest rate hikes in major countries, and the war between Russia and Ukraine. The Financial Supervisory Commission will closely monitor the situation of US interest rate hikes, and pay attention to the impact of foreign capital remittances on Taiwan stocks, and take relevant measures in due course.

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Ye Yiru, Special Correspondent of Yahoo Finance: 22 years of experience in financial mainstream media, from the bubble of Web1.0 in 2000 to Web3.0 of the Meta universe, witnessed the history of the rise and fall of large and small business groups in Taiwan, and experienced five international financial crises. Think that finance is life, omnipresent, no matter how difficult financial management knowledge should be explained in a simple way. No matter you are young or old, you should manage money. If you don’t manage money, money will ignore you.

2023-06-27 11:00:24
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