Taiwan stocks fall over 1500 points in 3 days; FSC says fundamentals remain sound

(CNA reporter Su Szu-yun, Taipei, 19th) The Taiwanese stock market has fallen by more than 1,500 points in the last three trading days, raising external concerns about whether fundamentals have changed. The Financial Supervisory Commission (FSC) stated today that the cumulative revenue of domestic listed companies as of the end of April this year was approximately NT$19.404 trillion, a 31% year-on-year increase, indicating that fundamentals remain stable and have not changed significantly. Huang Chung-Hao, Deputy Director-General of the FSC's Securities and Futures Bureau, said that for domestic listed companies, the fundamentals are still sound and have not changed significantly. As of the end of April this year, the price-to-earnings ratio was about 29.25 times, and the cash dividend yield was 1.84% (1.89% including stock dividends). The cumulative revenue of domestic listed companies up to the end of April this year was about NT$19.404 trillion, a 31% increase compared to the same period last year. Comparing the performance of Taiwanese and other Asian stocks, the Taiwan stock market fell 716.26 points today, a 1.75% decline, with a trading volume of about NT$1.088073 trillion. The FSC pointed out that as of 1:30 PM today, major Asian stock markets showed mixed results: Singapore was up 0.7%, Hong Kong up 0.14%, Shanghai up 0.1%, Japan down 0.41%, and South Korea down 2.56%. Regarding the margin maintenance ratio for credit trading accounts, Huang Chung-Hao stated that as of May 18, the ratio was 197.74%, with little change recently. (Editor: Huang Kuo-Lun)