Taiwan Capitalization Weighted Stock Index

Which from Taiwan Capitalization Weighted Stock Index ( TAIEX abbreviated, Chinese加权 指数/加权 指数, Pinyin Jiaquan zhǐshù ) is the index of the Taiwan Stock Exchange (Chinese台湾 证券交易所/台湾 证券交易所, Pinyin Táiwān Zhèngquànjiāoyìsuǒ ) in Taipei, almost all equity securities of the Republic of China composed.

Calculation

The TAIEX is the most important stock index of the Taiwan Stock Exchange ( TWSE ) and almost all covers on the stock exchange quoted values ​​. It reflects the development of the totality of the Taiwanese stock market. The Index will be determined solely on the basis of share prices and adjusted only to income from subscription rights and special. The weighting is based on the market capitalization of the companies listed. Corporate actions such as stock splits have no ( distorting ) influence on the index. The calculation is updated every second during the TWSE trading from 09:00 bis 13:30 clock clock local time ( 02:00 bis 06:30 clock clock CET). The largest shares in the index has the electronics industry with around 40 percent.

History

20th century

The TAIEX was first published on 5 January 1967. Underlying are 100 points on 31 December 1966. Until 12 December 1973, the TAIEX rose to a record high of 514.85 points. During the oil crisis of 1973 and the global recession of 1974, the Taiwanese benchmark index lost 63.3 percent. On 21 December 1974, the TAIEX closed at a low of 188.74 points.

The successful development of Taiwan towards the exporting country and the consequent strengthening of the currency flowed in the early 1980s, both of Auslandstaiwanesen capital back to Taiwan, but also increased international interest in the Taiwan Stock Exchange. The opening of the market began in 1983, efficient computerized trading systems were introduced in 1986/87. The following years were marked by speculative excesses. To some extent this also price manipulation and companies were blamed in close relationship to underground organizations.

On October 17, 1986, the index closed above the 1,000 barrier for the first time and announced on 9 June 1988 on the 5,000 -point mark. The limit of 10,000 points fell on 19 June 1989, when the TAIEX ended trading at 10105.81 points. During the bubble the index closed on 10 February 1990 with 12495.34 points at an all time high. The market collapse began when involved in numerous price manipulation underground organizations were insolvent and came under pressure because of increased Bank Act from July 1989. On 1 October 1990, the TAIEX closed at 2560.47 points, 79.5 percent below the all-time high in February 1990. It was the biggest downfall in the history of Taiwan's benchmark index.

In the following years the index again rose sharply. On August 26, 1997, the TAIEX ended trading at 10116.84 points. In the years 1997 to 1999 it came into the world to financial, monetary and economic crises ( Asian crisis, the Russian crisis, Brazil crisis). Due to the crisis, investors in Taiwan had become nervous and there was an increased outflow of capital. The stock market barometer fell by 5 February 1999 to 5474.79 points. That was in August 1997, a decrease of 45.9 percent. As of spring 1999, the index began to rise again. On 19 February 2000, the Taiwanese benchmark index ended the day at 10202.20 points. The gain since August 1997 is 86.4 percent.

21st Century

After the bursting of the speculative bubble in the technology sector ( dotcom bubble ) of the TAIEX fell to a low of 3446.26 points to 3 October 2001. That was a decline since February 2000 by 66.2 percent. The October 3, 2001 marked the end of the descent. From autumn 2001, the Taiwanese leading index was back on the way up. On October 29, 2007, the TAIEX closed at 9809.88 points. Since October 2001, the gain is 184.6 percent.

In the course of the international financial crisis in the U.S. real estate crisis originated in the summer of 2007, the stock market barometer began to fall again. From the 3rd quarter of 2008, the crisis had an increasing impact on the real economy. As a result, stock prices plummeted worldwide. On 17 October 2008, the index closed at 4960.40 points below the limit of 5,000 points. A new low of TAIEX achieved on 20 November 2008, when he finished trading with 4089.93 points. This represents a decline since October 29, 2007, at 58.3 percent.

November 20, 2008 marks the turning point of the descent. From the autumn of 2008, the index was back on the way up. By 28 January 2011, he rose by 123.6 percent to a closing level of 9145.35 points. The slowdown in the global economy and the intensification of the euro crisis led to a fall in the Taiwanese benchmark index. On 19 December 2011, the TAIEX ended trading at 6633.33 points. The loss since its peak on 28 January 2011 is 27.5 percent.

Highs

The overview shows the all-time highs of the TAIEX.

Milestones

The table shows the milestones of the TAIEX since 1966.

Annual development

The table shows the development of the TAIEX since 1966.

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