Taiwan stocks fell another 109 points today (30) to close at 13,424 points Not only did it prove another 22-month closing low, but the weekly, monthly and quarterly lines all closed in the black. The Financial Supervisory Commission held a temporary press conference to announce that it will reduce the daily number of intraday securities lending and selling orders and increase the securities lending margin ratio.
Taiwan stocks fell endlessly, with a weekly drop of 693.8 points or a drop of 4.91%, and has been in the black for six consecutive years; the monthly line decreased by 1670.86 points, and decreased by more than 10% in one month, reaching 11.07% Although the monthly decrease is not as good as the stock market crash in June this year However, the index has been weighted broke the bottom, the quarterly line fell 1401.15 points, which has fallen sharply for three quarters in a row.
Zhang Zhenshan, director of the Securities and Futures Bureau, said that due to recent uncertainties in the international political and economic situation, such as the Russian-Ukrainian war pushing up inflation and the faster rate increases by major countries in the financial market, the securities Although in order to maintain the order and stability of the securities trading market, In order to protect the rights and interests of investors, two measures were published from 1 October, 2022.
The first is to reduce the number of daily midday securities lending and selling orders, from 30% to 20% of the daily average transaction volume of the securities that did not exceed the previous 30 business days.
Since foreign investors are the ones who use the most borrowed securities to sell, this measure is seen as a blow to foreign shorts; however, this measure was also introduced in March 2020, but the upper limit was reduced to 10% at that time.
The second is to adjust the minimum margin ratio for securities lending for listed securities and OTC securities from 90% to 100%. Zhang Zhenshan said because the maintenance rate of financing guarantee for the whole household has dropped below 160%, and the financing recovery has been more than 300 million yuan recently.
In fact, when the FSC actually fell below the 9,000 point mark in March 2020 due to the new crown pneumonia epidemic, in addition to the two measures listed above, it also turned into a decline of more than 3.5% in the day’s closing price , and the next trading day will not be lower than the previous one The closing price of the trading day is short, that is, it is not allowed to short below the conditional flat price, but this move has not been adopted. time.
The Financial Supervisory Commission said it will continue to pay close attention to the domestic and foreign financial situation and the trends of the securities trading market, and will prudently evaluate and respond to changes in a timely manner.
