Taiwan Stocks Fall with Asian Markets, Turnover Near NT$880 Billion
Taiwan stocks fell in line with Asian markets today (30th), with selling pressure emerging during the session. The weighted index closed down 1,156.50 points, or 2.49%, at 45,211.83 points, with turnover of about 8,777.30亿元. Affected by changes in international financial markets, Asian stocks generally weakened today, with South Korean stocks down 4.04%, Japanese stocks down 2.34%, and Singapore stocks down 0.39%. Only Hong Kong's Hang Seng Index bucked the trend to close up 1.78%, while the Shanghai Composite edged down 0.33%. The FSC said the TWSE and TPEx have been closely monitoring changes in international financial markets and continue to monitor domestic stock market dynamics.
P/E Ratio at 26.68x, Cumulative Revenue at 49.89 Trillion
Regarding fundamentals and corporate earnings watched by the market, the FSC noted that as of the end of September, Year 115, the Taiwan stock market's P/E ratio was about 26.68x, with a cash dividend yield of 1.54%, or 1.58% including stock dividends. In terms of revenue performance, listed companies posted cumulative total revenue of 49.89 trillion yuan for January-September, Year 115, up 38.21% year-on-year, showing overall corporate earnings and substantive fundamentals remain strong, with revenue hitting a strong record and supporting confidence in fundamentals.
Maintenance Ratio at 180.21%, Leverage Risk Controllable
On margin and short-selling data of concern to investors, the FSC announced that as of October 29, Year 115, the overall margin-account maintenance ratio for margin transactions was 180.21%, keeping the overall margin safety buffer at a sound level. In addition, on the same day, short sales via securities borrowing accounted for 4.31% of market turnover, indicating market credit risk and leverage use remain within a controllable range. Currently there are no obvious signs of overall margin levels spiraling out of control, market credit risk remains controllable, and investors need not over-interpret the single-day plunge.
FSC Promotes Taiwan Stock Dashboard, Urges Rational Response to Volatility
Facing recent market volatility, the FSC has instructed the TWSE and TPEx to build the "Taiwan Stock Dashboard." The platform fully discloses key reference information including margin business and listed companies' revenues, providing objective data to help clarify market changes. The FSC advises investors, when facing market fluctuations, to make greater use of the objective data provided by the "Taiwan Stock Dashboard," return to fundamentals for rational judgment, avoid excessive panic, carefully assess risks, and take responsibility for their own investment decisions.