TAIEX Rises on Last Trading Day of the Year 台股2022封關日跳空開高 一度突破14200點

The TAIEX moved marginally up and closed at 14,137.69 points on its last trading day of 2022. That translates into the index's second worst annual drop of more than 4,000 points compared to the beginning of the year and an average loss of more than NT$ 1 million for stock investors. 

U.S. stocks finished up on Thursday, pushing Taiwanese stocks to rise 98 points on the last trading day of the year. The rising TAIEX Index was driven by semiconductors, electronics, and shipping stocks. The highest intraday rise was 163 points, as the TAIEX reached 14,248 points. TSMC also rebounded, rising NT$10.5, an increase of more than 2 percent.

Wang Jung-hsu, CEO, Marbo Investment Advisors: “Technology stocks have fallen quite deeply in this wave. TSMC led the technology stock rebound today. But, transaction volume has relatively shrunk. There will be three consecutive days of vacation. Therefore, in the case of shrinking volume, even if the index rises, the magnitude will not be too large.”

Looking back at this year's Taipei stock market, after hitting a historical high of 18,619.6 points on Jan. 5, the TAIEX has fallen continuously, slumping more than 22 percent for the year. Foreign investors have also retreated from Taiwan due to rising inflationary pressure and violent interest rate hikes. They have sold more than NT$1.2 trillion in stocks for 2022, a new record high.

Wu Ta-jen, Executive Director, Research Center for Taiwan Economic Development: “Many central banks tightened the money supply since the beginning of this year, because of rising inflation. It is not easy for Taiwan stocks to rise if there's no investor support. Plus, in November, a decline in export orders exceeded 20 percent. The proportion of Taiwan's manufacturing industry to GDP is still quite high. So if export orders are not ideal for these manufacturing industries, it will affect their earnings. These fundamental problems are all reflected in the stock market.”

Investors are concerned about the government's two major protection measures, including the National Financial Stabilization Fund, and the ability to conditionally ban short-selling of stocks that fell by more than 3.5 percent the previous day. Both measures will remain in the market for the time being. The New Taiwan Dollar rose along with other Asian currencies such as the RMB. It rose above the NT$30.7 barrier to the U.S. dollar exchange rate, reaching a maximum of NT$30.65, an appreciation of 8.2 cents, a new two-week high.
 

週四美股全面收紅，激勵台股封關日盤面一片紅通通，開盤上漲98點，在半導體、電子及航運等類股的帶動下，指數持續向上，盤中最高上漲163點，來到14248點，護國神山台積電也跌深反彈，早上漲 10.5元，漲幅超過 2%。

萬寶投顧執行長王榮旭分析：「科技股這一波跌得相當地深，台積電今天是領軍上攻，不過就是說成交量的部分是比較萎縮，畢竟後面有連假3天，所以在量縮的情況之下，估計指數就算有漲，幅度也不會太大。」

回顧今（2022）年的台北股市，在1月5日創下了1萬8619點的歷史高點之後，便一路下跌，全年狂瀉逾22％，在通膨壓力高漲、美國暴力升息影響下，也讓外資大舉退潮，全年賣超金額篤定超過1.2兆元，創歷年外資賣超歷史新高。

中央大學台經中心執行長吳大任表示：「今年以來就是因為通膨的影響，全球升息循環加上有很多央行就開始緊縮貨幣供給，缺乏資金的支持，台股要上漲就不容易。加上11月，外銷訂單衰退的幅度超過2成，台灣製造業的比重還是蠻高的，所以說跟出口相關的這些製造業，如果接單的情況不理想，接下來就是它的獲利表現可能就不理想，這些基本面的問題，也是多少會反映到股市。」

而投資人關心的政府兩大護盤措施，包含國安基金及有條件禁空令，也就是前1日跌幅超過3.5%個股，平盤以下禁止放空，都暫時不會退場；至於新台幣匯率在封關日這天，也跟著人民幣等亞幣走揚，一度升破30.7元關卡，最高來到30.65元，升值8.2分，是這兩週來的新高。