CAUTIOUS OPTIMISM AT TAIWAN STOCKS' FLEETING 10,000 POINTS|電子股領軍 台股昨再度衝萬點.收9915點

On May 9, Taiwan stocks broke above the key 10,000 level for the fifth time in history on Tuesday as retail investors piled in behind foreign ones, but profit-taking erased most of the early gains and closed at 9915 points. Let's take a look at our report. On May 9, 2017, Taiwan stock finally soared above 10,000 points, but it lasted only one second before dropping at once. The Taiwan Stock Exchange said Taiwan's economy has been improving and its fundamental performance is not bad. ==CHEN LI-CHUNG Taiwan Stock Exchange spokesperson== Import and export are both growing successively and foreign capital persistently overbought Taiwan's shares. It is expected that our capital market is to develop in the positive direction. Including May 9, Taiwan stock has soared above 10,000 points five times. It was in February 1990 that Taiwan stock soared above 10,000 points. At the time, Taiwan's economy began prospering and Taiwan stock was mainly supported by traditional industry and financial stocks. Four other TaiEx hitting 10,000 points happened in August 1997, April 2000, April 2015 and May 2017 respectively. The 10,000 points were attributable to the soaring of electronic shares, indicating the rise and fall of different industries. ==SUN MING-TE President, TIER== In the past, any share like steel, petrochemical and textile could be the price leaders in Taiwan. Now, Taiwan stock is dominated by information and telecommunications. We need to choose some major components to invest in. That's what the 10,000-point TaiEx has inspired us for the first time. Analysts think besides the fundamentals of industries, the main issue concerning Taiwan stock exceeding 10,000 points lies in deficient capital flow. ==SUN MING-TE President, TIER == Capital flow is insufficient. Only when your capital in the financial market is big enough can you sustain the high 20,000 points like Hong Kong or Japan stocks. It is our hope that 10,000 points is not a selling point but a starting point. Sun Ming-te said Taiwan stock is obviously not strong enough to soar above 10,000 points with support merely from electronic and financial shares. He suggested the government cultivate new industries and relax investment policies on finance to retain foreign capital. In this way, Taiwan stock will keep thriving. TRANSLATED BY：BRYANT CHANG 台股歷年來攻上萬點行情，包括今天一共只有五次，而且持續時間都不久，最長的一波，在1990年1月，時間長達65天，而當時也是台灣景氣最好的時候！不過之後台股陸續出現的萬點行情，專家學者表示，多數是短暫的資金行情，因為台股只靠電子、金融零星明星個股支撐，無法像港股或日股一樣，站穩萬點大關。 2017年5月9號，台股終於破萬點，不過維持時間不長,只有一秒鐘,隨即下跌！證交所認為，近期台灣經濟好轉，台股體質佳，基本面並不差。 ==證交所發言人 簡立忠== 進出口都連續的 呈現一個正的成長 外資方面對我們台股 也都持續有這個加碼買超的情形 未來是可以期望我們資本市場 也可以正向的 這個持續再發展下去 歷年來台股萬點行情，包括今天一共出現短短五次，第一次萬點行情,出現在1990年02月,當時台灣經濟起飛,台股主力已傳產.金融股領軍，其餘四次上萬點，分別在1997年8月,2000年4月，以及2015年4月,再加上今天上萬點,則全都是由電子股,推升台股上萬點。不難看出產業轉變與興衰。 ==台經院景氣預測中心主任 孫明德== 從最早的百花齊放 鋼鐵石化什麼紡織 都可以在台灣做股王 到了現在變成資通訊的天下 擇某幾個關鍵零組件來做 這才是台灣這一次 股市上萬點給我們帶來的啟示 學者認為,台股萬點行情,除了看產業基本面,資金動能不足是最大問題。 ==台經院景氣預測中心主任 孫明德== 資金動能不足啦 唯有讓你金融市場的資金夠大 你才能像港股 你才能像日股一樣 一直都維持兩萬點以上的高檔 我們希望萬點不是賣點 萬點是起點 孫明德表示,台股光靠零星的電子、金融股撐盤,台股要上萬點明顯力道不足,建議政府除了要培植新興產業,創造台股第三腳,金融投資政策也要鬆綁,才能留住外資,台股成長動才能持續暢旺. 記者 黃立偉 張國樑 台北報導