TAIFRI Hits 13-month High of 100.8 台灣金融風險指數100.8 創13個月新高

The Taiwan Academy of Banking and Finance announced that the Taiwan Financial Risk Index had set a record high in June in nearly 13 months. However, they believe the country's overall financial situation remains stable.

The financial market has become more and more pessimistic about the economic outlook due to continued high inflation and the successive interest rate hikes in various countries. Central banks and international financial institutions have revised down their economic growth expectations. The Taiwan Academy of Banking and Finance announced the Taiwan Financial Risk Index for June was 100.8, up 1.9 from May and hitting a 13-month high. Investors' unease was reflected in the fear index as fears of a recession sweeps the market.

Jerry Lin, Director, Financial Research Institute, TABF: “Taiwanese stocks tumbled in June. Market volatility has greatly increased. Therefore, Taiwan's version of the fear index rose sharply. This is a new high since March 2021.”

TABF stated that Taiwan stocks plummeted in June, bringing the market's price-earnings ratio to a new low since December 2008. The performance of Taiwan stocks has been volatile. The volatility index hit a new high since March 2021, and the risk of price volatility rose sharply to 50.8. The four major U.S. stock indexes were mixed last Friday. The Taipei stock market rose slightly in the morning, but the TAIEX quickly dropped, led by semiconductors, finance, and electronics stocks during the session. The TAIEX dropped as much as 122 points, reaching 14,342. The broader market is still volatile and outside attention is now focused on the National Financial Stabilization Fund's regularly scheduled committee meeting at the Executive Yuan.

Wu Chung-shu, Chairperson, TABF: “Uncertainty about the future remains high. It is necessary for the government to stabilize the market from panic swings. But if the market's reaction is reflecting its future view, then we should respect the market. ”

The TABF believes that although Taiwan's risk index has gradually trended upward in the first half of this year, our country's overall financial situation is still stable compared with risks in overseas markets. 
 

隨著高通膨持續，加上各國陸續進入升息循環，讓金融市場對經濟衰退悲觀氣氛越來越濃厚，在各國央行與國際金融機構紛紛下修經濟成長預期，台灣金融研訓院公布，6月的台灣金融風險指數，數值為100.8，比5月上升1.9，創下13個月新高，在經濟衰退疑慮席捲市場下，投資人不安的情緒也反映在恐荒指數上。

金融研訓院金融所長林士傑說明：「6月台股重挫，而且多個交易日波動幅度大增，因此台版的恐慌指數大幅地上揚，這項分數也創下2021年3月以來的這個新高。」

金融研訓院表示，6月台股大幅度重挫，使本益比降至2008年12月以來新低，在台股表現起伏震盪，恐慌指數創下2021年3月以來新高，價格波動風險大幅上揚到50.8。而上週五美股4大指數漲跌互見，台北股市早盤小漲開出後指數由紅翻黑，盤中在半導體、金融、電子領跌下，大盤指數一度大跌122點，最低來到14342點，目前大盤仍呈現震盪走勢，而國安基金委員會將於下午3點在行政院召開例會，也引發各界關注。

金融研訓院董事長吳中書表示：「未來的不確定性還是很高，恐慌性的波動，政府就有必要去穩定市場，但是若是對於未來的反應，市場的一個反應的話，那應該尊重市場。」

金融研訓院認為，今年上半年風險指數有逐步向上的趨勢，但相較於海外市場的風險漫延，目前我國整體金融風險情勢仍處於穩定階段。