China's A4 Revolution May Affect Taiwan Stock? 白紙運動是否衝擊台股? 尚待觀察

Recently, the A4 Revolution in China led to ups and downs in stock markets worldwide. Whether it may impact Taiwan requires further observation.

As inflation is painfully felt by all, the Directorate General of Budget, Accounting and Statistics downward adjusted the annual Gross Domestic Product to merely 3 percent and noted that the GDP for this year and next may not likely surpass that of Japan and Korea.

Chu Tzer-ming, Minister of Directorate General of Budget, Accounting and Statistics: “If inflation is a current market trend, we have to respect it. Forcefully suppressing it will interfere with the allocation of resources. Nevertheless, there should not be any illegal conduct such as monopolizing or hoarding. With respect to such a phenomenon, administrative departments should handle it accordingly.”

The market this week focused on Fed Chairman Powell's anticipated speech. TAIEX opened with a small dip of 31 points where financial and shipping stock stayed low while funds flowed to medium and small cap. Automobile, tourism, and traditional industry stock rose, with the intraday index recovering to over 14,700 points. With respect to whether the National Financial Stabilization Fund has a clear exit timing, the Ministry of Finance believes that there are still many uncertain factors.

Juan Ching-hwa, Political Deputy Minister, Ministry of Finance: “Currently Taiwan Stock is relatively stable but there are still many uncertainties in the future, a lot, a lot. So, we will have to wait till a resolution is passed by the NFSF management committee before we can handle it according to the resolution.”

The A4 Revolution in China also resulted in major ups and downs in stock markets worldwide. Whether it will impact Taiwan requires further observation.

Juan Ching-hwa, Political Deputy Minister, Ministry of Finance: “The most important thing is whether this affects the entire supply chain. We will need to follow up closely regarding this part.”

However, will the NFSF hold an emergency meeting to exit suddenly? Political Deputy Minister of the Ministry of Finance Juan Ching-hwa emphasized that there are no such plans currently. As for whether the NFSF may exit before or after Chinese New Year, he held something back and said that it is still hard to assess next year's situation.

全民有感物價通膨，主計總處下修今年全年經濟成長率勉強保3，並表示國內今年和明年人均GDP不見得能超越日韓。

主計總處主計長朱澤民說明：「通膨它如果是市場現象的話，我們必須尊重，強迫的去把它壓抑的話，反而是干擾資源的分配。但是不能夠有違法的一些行為，像聯合壟斷、囤積聚集，那行政部門就要處理。」

本週市場的目光都在美國聯準會主席鮑爾即將發表的談話，台股今日加權指數開盤下跌31點，金融及航運類股同步走低，資金流向中小型股，包括汽車、觀光、傳產族群上揚，盤中指數翻紅收復1萬4700點之上。對於國安基金護盤有沒有明確的退場時機？財政部認為不確定因素還很多。

財政部政務次長阮清華回應：「現在台股當然是相對來講是比較平穩，不過未來的不確定因素還是很多，所以這一部分要等到國安基金的管理委員會有決議之後，我們才能夠依照決議來處理。」

中國的白紙運動也讓全球股市呈現大幅震盪，對台灣會不會造成衝擊？還要再持續觀察。

阮清華說明：「最主要就是說，對這個整個供應鏈到底有沒有影響？這一部分我們後續還要去密切關注。」

不過國安基金有沒有可能召開臨時會突襲式退場？財政部政務次長阮清華強調，目前沒有這樣的規劃，至於退場時機有沒有可能就在農曆年節前後？他則語帶保留說，還很難判斷明年的狀況。