Taiex surpasses Hong Kong’s Hang Seng for first time in 30 years
Taiex surpasses Hong Kong’s Hang Seng for first time in 30 years
2023-11-29
Taiwan’s stock market has surpassed Hong Kong’s for the first time in 30 years. At the end of trade on Tuesday, the Taiex stood at 17,341 points, higher than the Hang Seng’s 17,329. Just five years ago, the Hang Seng was flying high at 33,484 points. Taiwan’s market was just at around 11,000. But since then, Taiwan’s economy has taken off, while Hong Kong’s has floundered due to China’s post-pandemic struggles.
Taiwan’s stock market edged up on Wednesday, extending the previous day’s gains to end at 17,370 points. Analysts say the index could soon challenge this year’s high.
Edward Chen
First Capital Management chair
This year, overall corporate profits should reach about NT$3 trillion. Next year we’re looking at NT$1.95-2 trillion in cash dividends, for a dividend rate that exceeds 4%. So in that respect, the fundamentals are strong. Also, next year’s GDP growth will likely exceed this year’s 1.42%.
Analysts say that next year, investor optimism about AI could drive double-digit industry growth. This month, a surge of foreign capital has moved the Taiex higher by 600 points. Taiwan’s stock market now stands higher than Hong Kong’s for the first time since 1992.
Chen Chien-jen
Premier
The economy is indeed developing quite well. The stock market is a window into economic development. It also shows that President Tsai’s policies are on the right path.
Edward Chen
First Capital Management chair
If your investment strategy is to stand on the shoulders of giants, giants like Microsoft, Google, Amazon, as well as Meta, plus NVIDIA, Intel, and AMD – then you would be looking at Taiwan. Taiwan’s stock market, with its emphasis on electronics, would be more attractive than Hong Kong.
The Hang Seng Index stood above 33,000 points in 2018, and has since fallen to 17,000. In just a few years, Hong Kong’s stock market deteriorated, affected by China’s slow economic recovery from the pandemic. In contrast, Taiwan’s industrial development has boomed. For foreign investors that want to invest in Asia, the Taiex has the potential to become the main point of entry, experts say. They say that the next challenge for Taiwan is to outperform Hong Kong in market value.
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AI概念股助攻.外資回補 台股暌違30年超車港股
2023-11-29
睽違30年，台股指數28號正式超越香港恆生指數，出現黃金交叉，今天更站上17370點，其實在2018年香港恆生指數來到33484點，當時台股僅攀過11000點高峰，沒想到5年的時間，台股在經濟發展和政治穩定之下，超越港股表現。
台股氣勢如虹，延續前一天漲勢，再漲0.17%，來到17370點，專家分析，有機會挑戰今年指數新高點。
[[第一金投顧董事長 陳奕光]]
“因為以今年整體的企業獲利數字應該有到3兆，(明年)可能有大概1.95到2兆，這樣的一個現金股息，其實它的現金殖利率已超過4%，所以這個地方，是有基本面的支撐，再加上明年的GDP應該會比今年的1.42要來得成長”
市場看好AI應用廣，明年產業有雙位數成長機會，加上11月外資回補，指數大漲600點，台股指數正式超車香港恆生指數，這是1992年後、睽違30年出現黃金交叉。
[[行政院長 陳建仁]]
“經濟確實在發展上是相當的不錯，因為股票實際上就是，經濟發展的一個櫥窗，這也代表蔡總統在施政上，是走在正確的道路上”
[[第一金投顧董事長 陳奕光]]
“站在巨人腳步的這個肩膀上來去做投資來看的話，Microsoft、Google、Amazon，還有這個Meta，包括NVIDIA跟Intel跟AMD，其實都跟台灣有相關，台灣以電子側重為主的話，會比香港更加具有吸引力”
2018年，香港恆生指數高達3萬3千多點，現在只剩1萬7000點，短短幾年，中國疫後經濟趨緩，港股也被拖累。反觀台灣這幾年產業蓬勃發展，專家看好，將成為亞洲資本市場的金絲雀，台股下一個挑戰目標，市值超越港股。
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