Taiwan stocks fell more than Japan and South Korea’s light financial regulators said “fundamentals are still sound”

Taiwan stocks fell 274 points today (25th), closing at 19857.42 points. The Financial Supervisory Commission analyzed the impact of three major factors at its regular afternoon meeting. U.S. stocks were mixed. Asian stocks fell by 1.36%, compared with South Korea’s 1.4% and Japanese stocks’ 2.15. % came lightly, claiming that “the fundamentals of Taiwan stocks are still considered solid.”

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Gao Jingping, deputy director of the Securities and Futures Bureau, analyzed that on the previous trading day (4/24) of the U.S. stock market, due to geopolitical risks, the uncertainty of the U.S. interest rate cut schedule, and the decline of AI indicator stock Huida, the four major U.S. indexes had mixed gains and losses, with the exception of the Dow Jones which fell. Except for 0.11%, the rest rose, ranging from 0.02% to 1.06%.

Asian stocks were mixed today. Affected by the decline of weight stocks such as TSMC and Hon Hai, Taiwan stocks opened lower and the market index closed at 19,857.42 points, down 274.32 points, or 1.36%, with a transaction value of 359.714 billion yuan; at the same time, South Korea fell 1.40%, Japan fell 2.15%, Hong Kong rose 0.41%, Singapore fell 0.41%, and Shanghai rose 0.21%.

As of yesterday (4/24) this year, Taiwan stocks rose by 12.27%, compared with Japan’s 14.93% increase, Shanghai’s increase of 2.35%, South Korea’s increase of 0.77%, Singapore’s increase of 1.63%, Shenzhen’s decrease of 2.87%, and Hong Kong’s increase of 0.90%. The increase was second only to Japan. As of April 24 this year, the average daily trading volume of the Taiwan stock market was approximately NT$403.5 billion, an increase of 80.16% compared to the same period last year.

As of 113/4/24, the entire account guarantee maintenance rate for credit transactions was 172.23%. The Financial Supervisory Commission stated that “the fundamentals of Taiwan stocks are still considered solid.” As of the end of March this year, the price-to-earnings ratio is approximately 23.53 times, and the cash yield rate is 2.71% (plus stock dividends is 2.81%). As of the end of March 2020, the cumulative revenue of domestic listed OTC companies is approximately 9.53 trillion yuan, an increase of 5.40% over the same period last year. It is the second highest for the same period in previous years.

Gao Jingping said that the current fundamentals of Taiwan-listed OTC companies are still considered solid, and the Financial Supervisory Authority will continue to pay attention to the domestic and international economic situation and take relevant measures in a timely manner.

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• Yahoo Finance special correspondent Ye Yiru: With more than 20 years of experience in mainstream financial media, from the Web1.0 bubble in 2000 to the Meta Yuanverse Web3.0, he has witnessed the rise and fall of Taiwan’s large and small business groups, and has experienced five international financial crises. We believe that finance is life and is everywhere. No matter how difficult financial knowledge is, we should explain it in a simple way. Everyone, young and old, should manage money. If you don’t manage money, money will not care about you.