Taiwan Stocks Fall With Asian Markets as Turnover Expands
Taiwan stocks moved lower in line with Asian markets on the 30th, with selling pressure emerging intraday. The weighted index closed down 1156.50 points, or 2.49%, at 45211.83 points, with turnover of about 8777.30億元, expanding to nearly 8800億元. Addressing the market's close focus on sharp stock volatility, the FSC released updated market data and indicators today, stressing that listed companies' fundamentals and revenue performance remain solid, and urging investors to assess market changes objectively and rationally through the official Taiwan stock dashboard.
Affected by changes in international financial markets, Asian stocks were broadly weaker today. Taiwan stocks fell 2.49%, South Korean stocks fell 4.04%, Japanese stocks fell 2.34%, Singapore stocks fell 0.39%, and the Shanghai Composite Index edged down 0.33%, with only Hong Kong's Hang Seng Index closing higher, up 1.78%. The FSC said the Taiwan Stock Exchange and the Taipei Exchange have been closely watching changes in international financial markets and continue to monitor domestic stock movements, with market linkages remaining under control.
Solid Fundamentals, Jianxin Credit Risks Controllable
On fundamentals and corporate earnings watched by the market, the FSC said that as of the end of September in Year 115, Taiwan stocks traded at a P/E ratio of about 26.68 times, with a cash dividend yield of 1.54%, or 1.58% including stock dividends. On revenue, aggregate revenue of listed companies for Year 115 through the end of September reached 49.89兆元, up sharply by 38.21% from the same period last year, showing overall corporate earnings and real fundamentals remain strong with long-term momentum unchanged.
On margin and securities-lending data of concern to investors, the FSC said that as of October 29 in Year 115, the overall maintenance ratio for margin accounts was 180.21%, keeping the overall margin safety line at a stable level. In addition, securities-lending sales accounted for 4.31% of market turnover on the same day, with market credit risk and leverage use remaining within a controllable range. The FSC has instructed the Taiwan Stock Exchange and the Taipei Exchange to maintain a Taiwan stock dashboard fully disclosing margin business and listed companies' revenue and other key reference information, advising investors facing market swings to use objective data to clarify market changes, avoid excessive panic, and return to fundamentals for rational judgment.