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Taiwan Weighted

TAIWAN WEIGHTED

₹22871.84

614.85 (2.76%)

As on July 25, 2024 at 07:36 AM

TAIWAN WEIGHTED Performance

22,514.75

22,871.84

22,514.75

About TAIWAN WEIGHTED

Taiwan Weighted Index

The Taiwan Weighted Index, or TAIEX is the primary index for Taiwan. It was launched in November 1970. It tracks the largest companies listed on the Taiwan Stock Exchange (TWSE). It follows the capitalisation-weighted method for including stocks in the index. So, a company's weightage in the index is proportional to its market value.

Features of Taiwan Weighted Index

Here are some key features of the Taiwan Weighted Index:

  • Sensitive to a sector: The TWII Index is highly sensitive to the performance of the technology industry of Taiwan. 
  • Economic Indicator: It is considered as a major indicator of Taiwan's overall economic conditions. 
  • Benchmark Usage: TWII is often used as the benchmark for investment instruments such as mutual funds and ETFs.

Eligibility Criteria for Stock Selection in Taiwan Weighted Index

The stocks are included in the TWII based on the following criteria: 

  • Only the common stocks listed on TWSE are eligible. 
  • New stocks must be listed for at least one calendar month. 
  • Preferred stocks and full delivery shares are not included. Full delivery shares are included when they get the regular trading status. 
  • Stocks suspended for trading are excluded. They will be included one month after they are traded again.

TAIEX Index Calculation Method

Taiwan Stock Exchange (TWSE) uses the following method to calculate the TAIEX Index: 

  • First the End-of-Day index is calculated once a day after the market closes. However, the "Price Index" is calculated every five seconds based on the most recent prices of stocks during trading hours of the TWSE's centralised securities exchange market.  
  • To reflect the return that includes reinvesting the cash dividend, the "Total Return Index" is adjusted. The cash dividend factor is considered for this purpose. 
  • Now the index is calculated using the formula:  

Index = Aggregate market value / Base value of the current day * 100 

Where, 

Total market value is the product of each stock's price and the total number of shares issued.  

The annual average of 1966 is the base of TAIEX, with a base value of 100 points.

Note, that the opening auction reference price may be used for calculation if trading price isn't available on that day. On the other hand, the number of listed shares may be used for new stocks included in the index. 

Faqs on TAIWAN WEIGHTED

The Taiwan Stock Exchange (TWSE) is the primary stock exchange in Taiwan, where publicly
traded companies list their shares for trading. It is regulated by the Financial Supervisory
Commission (FSC) of Taiwan.

The Taiwan Stock Exchange (TWSE) was formed in 1961 and began trading on February 9,
1962. It has long been Taiwan's major stock exchange, headquartered in Taipei. The exchange
has used a completely automated trading system since 1993, and intraday continuous trading
was started on March 23, 2020.

Regular Trading (1) Order placement hours are Monday through Friday, 8:30-13:30. (2) Trading
hours are Monday through Friday, 9:00-13:30.

As of June 30, 2023, there were 979 firms listed on the TWSE, with a market value of more than
USD 1.7 trillion and an overall market P/E ratio of 16.46.

You can invest by creating an International Trading Account with BlinkX. Investments in Taiwan
MSCI ETF iShares (EWT) can be made indirectly through mutual funds and exchange-traded
funds (ETFs) that provide exposure to global stock markets.

The top 10 biggest companies by revenue in Taiwan (2023 data) include Foxconn, TSMC,
Pegatron, Quanta Computer, Formosa Petrochemical, Evergreen Marine, ASE Group, and
MediaTek.

In 2023, total bilateral trade between Taiwan and India was around 8.22 billion US dollars, a
2.78% decrease from the previous year. India ranks as Taiwan's 16th major commercial partner.

The simplest approach to invest in the Taiwanese stock market is to buy a wide market index.
This may be accomplished at a reasonable cost by utilising ETFs.

The Taiwan Stock Market is known for its technology sector, which includes semiconductor
manufacturers, electronics companies, and information technology firms. Other key sectors
include financial services, manufacturing, and biotechnology.

Yes, foreign investors are allowed to invest in the Taiwan Stock Market. However, there may be
certain restrictions or regulations imposed by the Taiwanese government or regulatory
authorities regarding foreign investment in specific sectors or industries.