Futures transactions on the Taiwan Futures Exchange (TAIFEX) in the first seven months of this year rose about 30 percent from a year earlier, as more and more investors became aware of the need to hedge risks on the spot market by engaging in futures trading, the exchange said on Saturday.
In the seven-month period, TAIFEX transactions of futures products, including options, totaled 162.19 million contracts, up 30.88 percent from the same period of last year, while average daily transactions during the same period rose 33.7 percent year-on-year to 764,165 contracts, the exchange said.
Last month alone, the total transactions in futures and options fell about 7 percent from June to 14.47 million contracts, while the average daily transaction also dropped about 7 percent from a month earlier to 688,819 contracts, the exchange added.
However, the total transactions of futures and options tracking the electronics sector in the Taiwan Stock Exchange last month rose 24.4 percent and 48.51 percent from June, TAIFEX said.
Market analysts said the -double-digit increases reflected volatility among high-tech stocks on the spot market, which prompted investors to hedge risks through futures trading amid cautious sentiment toward weakening global demand for electronic products.
Last month, transactions of futures and options tracking the financial sector in the Taiwan Stock Exchange rose 11.71 percent and 5.13 percent from June, TAIFEX said.