Intraday Plunge Once Exceeded 1600 Points
Taiwan stocks collapsed by more than 1600 points intraday on the 30th, closing down 1156.5 points at 45211.83, down 2.49%, with turnover of about 8777.30 billion yuan. Selling pressure was heavy intraday, with the market watching whether the FSC would intervene to rescue the market. In response, the FSC said it has asked the TWSE and TPEx to closely monitor developments in international financial markets and to continue monitoring recent stock market volatility.
Decline Ranked Among Major Asian Markets
Looking at major Asian markets during the same period, South Korean stocks fell 4.04%, Japanese stocks fell 2.34%, Singapore stocks fell 0.39%, Shanghai stocks fell 0.33%, while Hong Kong stocks rose 1.78%. The FSC noted that Taiwan stocks fell 2.49% today, a decline still among major Asian markets during the same period, with overall performance remaining in line with regional linkage, while subsequent developments in international financial conditions still need to be monitored.
FSC Stresses Taiwan Stock Fundamentals Remain Sound
Regarding Taiwan stock fundamentals, the FSC said that as of the end of September this year, the P/E ratio of Taiwan stocks was about 26.68 times, the cash dividend yield was 1.54%, and 1.58% including stock dividends. Cumulative revenue of listed companies through the end of September this year was about 49.89 trillion yuan, up 38.21% from the same period last year, showing overall corporate operating momentum remains steady. In addition, as of October 29 this year, the overall margin maintenance ratio for credit transactions was 180.21%, and securities lending sales accounted for 4.31% of market turnover, with chip-related indicators still within a controllable range.
Supervising Disclosure of Taiwan Stock Dashboard Information
The FSC stressed that it has supervised the TWSE and TPEx in establishing the Taiwan Stock Dashboard to disclose important information such as credit business and listed companies' revenue. The FSC advises investors to make more use of the Taiwan Stock Dashboard to rationally judge market changes with objective data and to respond prudently to recent volatility. The competent authority said it will continue to supervise and disclose relevant information in a timely manner to maintain market order and investor confidence.