HIGHS AND LOWS:Despite starting off well last year and hitting 10,000 points for the first time in 15 years, the TAIEX suffered its steepest annual decline since 2011
Date: Jan 02, 2016
By: Staff writer, with CNA
Equity investors in Taiwan suffered average losses of about NT$250,000 (US$7,560) last year, as the benchmark index fell more than 10 percent, market statistics showed on Thursday.
The TAIEX closed 0.7 percent higher at 8,338.06 points on Thursday, the last trading day of the year.
However, the index dropped 10.41 percent, or 969.20 points, for the year, the steepest annual decline since 2011, when it fell 21.18 percent.
On average, equity investors sustained losses of NT$250,000, which were calculated based on 9.59 million valid securities investment accounts after a sharp annual decline of NT$2.41 trillion in market capitalization on the main board.
Market capitalization on the main board totaled NT$24.46 trillion as of Thursday. [FULL STORY]