Fearless, Taiwan stocks surged 1,655 points, 00713, 0055 bucked the trend and closed in the red

The fearless Taiwan stock market surged 1655 points, and 0055 bucked the trend and closed in the red. (Extracted from Qimo Stock Market)

[Reporter Zhang Huiwen/Report from Taipei] Taiwan stocks fell more than 1,655 points today. The market capital has obviously shifted from the electronics group to defensive groups such as telecommunications, finance and domestic consumption. Related stocks generally bucked the trend and strengthened. Yuanta Taiwan High Interest and Low Volatility (00713) and Yuanta MSCI Financial (0055) both bucked the trend and closed in the red. The final stock prices reached 65.5 yuan and 51.35 yuan respectively.

Legal person analysis, 00713 tracks the "Taiwan Index Company's Selected High Dividend Low Volatility Index", which mainly selects companies with both high dividend and low volatility characteristics from Taiwan's medium and large companies, and controls the stock price correlation between component stocks to reduce the risk of both rises and falls, achieving a low volatility effect.

During the sharp fluctuations in global stock markets in July this year, 00713's stock price bucked the trend and rose by 2.08%, while the market fell by 6.52% during the same period. The reason for resisting the decline came from the large increase in electronic stocks in the first half of the year, and 00713's holdings shifted to telecommunications, finance and domestic consumption.

As for financial stocks, they were mostly regarded as defensive and income-generating assets in the past. However, driven by the growth of the AI ​​industry, active capital market transactions, and financial business needs, their profit momentum has significantly expanded. 0055 is the first financial ETF in China, tracking the MSCI Taiwan Financial Index. Its constituent stocks cover major financial holdings in Taiwan. As the momentum of AI is transmitted from the capital market to the profit performance of large financial holdings, including self-operated investment income, securities brokerage business, bank deposit business, and increase in fee income, etc. Financial stocks also have rising momentum and have become a key industry with both offense and defense.