By: Central News Agency
The number of major players active on Taiwan’s stock market in the first quarter of 2016 fell to a seven-year low, statistics compiled by the Financial Supervisory Commission (FSC) showed Monday.
During the January-March period, only 530 major players participated in the local market, down from 547 during the same period last year and the fewest in seven years, the FSC data showed.
A “major player” is defined in Taiwan as an investor who trades at least NT$500 million in shares in a single quarter, and their numbers serve as an important indicator of investor confidence in the country’s capital market.
The number of major market players has been on the decline over the past four years because of a capital gains tax on stock gains targeting big investors that was never actually implemented, analysts have contended. [FULL STORY]