Stock Market

The TPEx Index fluctuated and edged higher before retreating in the month of March. From 2nd to 9th, affected by the military action launched by the United States (U.S) and Israel against Iran at the end of February, shipping in the Strait of Hormuz almost came to a standstill, oil exports were disrupted, and international oil prices surpassed US$100 per barrel. In addition, the U.S. Department of Labor reported a decrease of 92,000 in non-farm payrolls, far exceeding market expectations of 59,000, and the unemployment rate rose from 4.3% to 4.4%. Meanwhile, market rumors circulated that Oracle and OpenAI's negotiations were delayed due to fundraising issues and ongoing adjustments to their needs, leading to the cancellation of the planned expansion of a large AI data center in Texas. This news impacted market confidence, causing US semiconductor stocks to plummet. Under the influence of multiple negative factors, the market investment atmosphere was conservative, and the TPEx Index showed a fluctuating downward trend, closing at 288.96, the lowest this month, down 27.77 points, or 8.77%. From 10th to 19th, President Trump said that the war was nearing its end and that some oil tankers had resumed passage through the Strait of Hormuz, which was expected to ease pressure on international oil prices. In addition, Nvidia CEO Jensen Huang released a long-term growth outlook for the AI industry at the Nvidia GTC conference, expecting AI chip revenue to reach US$1 trillion by 2027. As a result, the TPEx Index rose and closed at 329.79, the highest this month, up 40.83 points, or 14.13%. From 20th to 31st, the U.S. and Iran still failed to reach a peace agreement, the market turned pessimistic, international oil prices rose again, the four major U.S. stock indexes closed lower, and the TPEx Index fluctuated and fell. As of the end of the month (31st), it closed at 307.73, down 9.0 points from the end of last month, a drop of 2.84%. In terms of sector performance, Cultural and Creative Industries stocks stayed at the top, gaining 4.27%, while optoelectronics stocks fell 18.67%.

In the Emerging Stock Board stocks, the total turnover in the same month amounted to approximately NT$268.220 billion, an increase of 220.10% in comparison with the previous month's total turnover of NT$83.792 billion. A total of 1,983,616 transactions were executed this month. The daily turnover on the Emerging Stock Board averaged NT$12.192 billion, up 74.60% as compared to the average daily turnover of NT$6.983 billion last month. Total trading volume in the month amounted to 2,360,133 thousand shares, up 170.77% as compared to 871,648 thousand shares traded in the previous month. The market recorded the highest daily turnover of the month on the 23rd with NT$20.2 billion.

Stock Index Movement and Turnover Chart

Highest Index Level in Mar is 329.79   Lowest Index Level in Mar is 288.96 Highest Turnover in Mar is 2571.25   Lowest Turnover in Mar is 1229.79 (Unit = NT$100M)