Reported about 1 year ago
In April 2024, amid intensified volatility in the Taiwan stock market, the banking industry crisis hit the market. According to the Financial Supervisory Commission, banks and securities firms increased their stake in Taiwan stocks by 24.4 billion NTD in April, marking the fourth consecutive month on the buying side. The banking industry led the way in buying, with a total of 147.1 billion NTD poured into supporting Taiwan stocks by both sectors in the first four months. Meanwhile, the life insurance industry expanded stock selling to boost profits. The banking industry's unrealized profits from its Taiwan stock investments reached 355.8 billion NTD by the end of April, benefiting from the uptrend to enhance net worth and provide room for additional stock dividends, offsetting previous debt valuation losses.
Source: YAHOO