TaiwanStoc.PDFVIP

E x c h a n g e R e v i e w TTaiwaiwanan SSttocockk Ex Excchangehange Taiwan Stock Exchange TTaiwaiwanan SSttocockk Ex Excchangehange MING-TAI CHEN President Taiwan Taiwan enjoyed remarkable economic growth in 2004. to $79.2 billion by the end of November 2004, an increase The annual growth rate of 2004 was estimated at 5.93 of $13 billion over the year-end of 2003. per cent, far better than 3.31 per cent in 2003. The government statistics indicated that the GNP for 2004 Recent Market Developments was roughly $315.9 billion (NT$10,586 billion) with per • Start March 1, 2005, price fluctuation of newly listed capita GNP around $13,995. The annual growth rates for shares on TSEC and GreTai Securities Market exports, imports, fixed investment and domestic (GTSM) will be exempted from daily limit of seven consumption in 2004 were, respectively, 20.9 per cent, per cent for the first five trading days, to adequately 30.0 per cent, 24.9 per cent and 2.9 per cent. reflect market valuation of the IPO issues. Also starting March 1, 2005 narrower tick sizes are going Though Taiwan had better-than-expected economic to take effect, with the purpose of lowering investors’ performance in 2004, the stock market scored m