Taiwan’s stock market surged to a fresh 29-year high in recent sessions, with the TAIEX staying above 10,000 points, which seems to have become the new norm. The tax cut on day trading transactions — from 0.003 percent to 0.0015 percent — and inflows of hot money also play a role in boosting market turnover. Retail investors are less interested in entering the trading floor than their institutional peers, because the trading environment in the local market is not friendly to them. While the TAIEX has continued to hover at relatively high levels, retail investors’ perception of making money is not as strong as before. Even though there are more than 1,700 listed companies trading shares on the local exchanges, the average daily turnover is only about NT$150 billion.
