The Securities and Futures Bureau bluntly stated that since November, foreign capital has turned back and bought more Taiwan stocks on a large scale, which is one of the reasons for the recent sharp rebound.

(Photo by reporter Wang Menglun)

[Reporter Wang Menglun/Taipei Report] Today (15th) Taiwan stocks once again staged a bullish market, ending with a surge of 371.41 points, and the index closed at 14546.31 points.

According to statistics, since November as of the 14th, the cumulative increase of Taiwan stocks has reached 9.46%, second only to Hong Kong stocks, ranking second in Asian stocks; the Financial Supervisory Commission responded today that there are two key factors, including: the global stock market has risen together, and Foreign capital bought more than 100 billion yuan.

Although the U.S. stocks rose more and pulled back on Monday, Asian stocks continued this wave of gains today, all of which closed in the red.

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Gao Jingping, deputy director of the Securities and Futures Bureau of the FSC, said that according to statistics, since November (as of the 14th), the cumulative gains of major stock markets are Hong Kong up 19.97%, Taiwan up 9.46%, South Korea up 7.89%, and China’s Shanghai up 6.56%. %, Singapore rose 5.42%, the US Nasdaq rose 1.89% and Japan rose 1.36%.

In other words, Taiwan stocks have risen so far this month, making it the second strongest Asian stock market, second only to Hong Kong.

Why have Taiwan stocks risen nearly 10% since November?

According to Gao Jingping’s analysis, there are two key factors. First, foreign capital bought a total of more than 104.1 billion yuan during this period, and the strength of funds pushed up the rise of Taiwan stocks. Second, since November, international stock markets have all risen and rebounded. Therefore, , leading the Taiwan stock index to rise.

However, if the time is extended, according to statistics, the stock market has fallen by 22.2% since the beginning of this year, which is better than the 28.44% drop of Nasdaq in the United States, the 25.2% drop in Shenzhen, and the 24.69% drop in Hong Kong. ; but still lost to Singapore rose 4.39%, Japan fell slightly 2.88%, South Korea fell 16.89% and Shanghai fell 15.29%.

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