Page 7 - 證交所

董事長 / Chairman 總經理 / President Jan-yau HSU Lih-chung CHIEN
In 2018, the global economy showed steady growth overall. The Taiwan stock market continued upward momentum from 2017. On January 23, we closed at a peak of 11,253.11 points. However, due to the US-China trade dispute and the US Federal Reserve's interest rate hike, most of the world's major stock markets showed a sharp reversal in the fourth quarter, and in October the market fell below 10,000 points, reaching a low of 9,478.99 points on December 26. The highest and lowest points throughout the year differed by 1,774.12 points. Although Taiwan stocks also experienced large fluctuations, with the support of sound fundamentals, Taiwan's market has remained relatively steady.
At the end of 2018, Taiwan's price-weighted index closed at 9,727.41 points, down 915.45 points, or 8.60%; however, it performed rather resiliently among the major Asian stock markets, with multiple indicators rising in global rankings. These included : a total market capitalization amount of TWD 29.32 trillion, rising one place in global ranking to reach 17th; a 24.16% increase in daily average trading value to reach TWD 130.2 billion, with annual trading value rising three notches to reach 15th globally; an increase in turnover to reach 92.54%. Furthermore, there were 31 newly listed companies in 2018. In total, all listed companies raised capital of TWD 501.69 billion in the capital market, both of which set a new five-year high and further demonstrated the function of the capital market as a direct financial market.
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