Young investors aged 20 to 30 made up 33 percent of the 1.48 million new investors who opened local stock trading accounts last year, ranking first among all age groups, the Financial Supervisory Commission said yesterday.
They were followed by those aged 31 to 40, who accounted for 26.6 percent, 41 to 50 (16.7 percent), 51 to 60 (10.8 percent), 61 or older (6.7 percent) and those younger than 20 (6.1 percent), the commission said.
The number of investors who opened new trading accounts last year surged 73.6 percent from 857,657 in 2019, easily outpacing an annual gain of 28 percent the previous year, the commission said.
Photo: Ann Wang, Reuters
Investors aged 20 to 30 had for the past three years led the surge, with their weighting rising from 27.7 percent in 2018 and 29.1 percent in 2019, data from the commission showed.
“Their weighting was particularly high last year,” Securities and Futures Bureau Deputy Director-General Tsai Li-ling (蔡麗玲) told a news conference in New Taipei City.
Young investors’ rising interest in local stocks could be attributed to an increase in investors’ preference for equities over savings due to a low interest rate environment and the launch of an odd-lot trading system in late October, which enabled young players with smaller budgets to buy blue-chip stocks, the commission said.
Blue-chip stocks refer to financially sound, well-recognized companies, some of whose shares cost hundreds of thousands New Taiwan dollars if bought on the regular trading platform, where they are sold in units of 1,000 shares each.
For example, purchasing one unit of Taiwan Semiconductor Manufacturing Co (台積電) shares would cost NT$632,000, based on its closing price of NT$950 on Friday last week.
Overall, investors aged 40 or younger accounted for 65.7 percent of the new accounts, up from 60.9 percent a year earlier and 60 percent in 2018, the data showed.
By comparison, the weighting of investors older than 40 dropped to 34.3 percent last year, from 40 percent in 2018 and 39.1 percent in 2019, as the older group likely already had a few accounts in use, it said.
UNPRECEDENTED PACE: Micron Technology has announced plans to expand manufacturing capabilities with the acquisition of a new chip plant in Miaoli Micron Technology Inc unveiled a newly acquired chip plant in Miaoli County yesterday, as the company expands capacity to meet growing demand for advanced DRAM chips, including high-bandwidth memory chips amid the artificial intelligence boom. The plant in Miaoli County’s Tongluo Township (銅鑼), which Micron acquired from Powerchip Semiconductor Manufacturing Corp (力積電) for US$1.8 billion, is expected to make a sizeable capacity contribution to the company from fiscal 2028, the company said in a statement. It would be an extended production site of Micron’s large-scale manufacturing hub in Taichung, the company said. As the global semiconductor industry is racing to reach US$1 trillion
Singapore-based ride-hailing and delivery giant Grab Holdings Ltd has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero SE's Foodpanda in a deal valued at about US$600 million. Grab submitted the filing to the Fair Trade Commission on Friday last week, with the transaction subject to regulatory review and approval, the company said in a statement yesterday. Its independent governance structure would help foster a healthy and competitive market in Taiwan if the deal is approved, Grab said. Grab, which is listed on the NASDAQ, said in the filing that US-based Uber Technologies Inc holds about 13 percent of
Taiwan’s food delivery market could undergo a major shift if Singapore-based Grab Holdings Ltd completes its planned acquisition of Delivery Hero SE’s Foodpanda business in Taiwan, industry experts said. Grab on Monday last week announced it would acquire Foodpanda’s Taiwan operations for US$600 million. The deal is expected to be finalized in the second half of this year, with Grab aiming to complete user migration to its platform by the first half of next year. A duopoly between Uber Eats and Foodpanda dominates Taiwan’s delivery market, a structure that has remained intact since the Fair Trade Commission (FTC) blocked Uber Technologies Inc’s
Memory chip stocks extended their losses yesterday after Alphabet Inc’s Google publicized research that could allow more efficient use of the storage needed for artificial intelligence (AI) development. SK Hynix Inc and Samsung Electronics Co, South Korean leaders in the market, fell more than 6 percent and about 5 percent respectively in Seoul. In the US, Micron Technology Inc, Western Digital Corp and Sandisk Corp slid more than 2 percent in pre-market trading, after they all closed lower on Wednesday. Memory companies have been on a tear in recent months as the rapid development of AI infrastructure triggered a spike in chip
RSS