Taiwan stocks tumble in July, actress He Ru-yun admits losses

Taiwan's stock market saw a steep drop in July, with the benchmark index briefly dipping below 40,000 points. However, financial stocks emerged as a resilient sector, showcasing their defensive strength against the broader market decline. Actress He Ru-yun, known for her role in the entertainment industry, shared her personal experience with the market's volatility. "This week has been really blue!" she confessed, admitting she was initially hesitant to tell her son how much she had lost. Despite the anxiety, a hint of her "gambler's spirit" emerged as she searched for more funds to "win it back." Fortunately, the market turned around on Friday, bringing her relief and a happy weekend. Financial institutions reported strong earnings for the first half of the year, with 13 listed financial holding companies collectively earning NT$440.9 billion. While many exceeded their full-year profits in just six months, June's single-month profits for most companies were slightly lower than in April and May. Analysts anticipate continued market fluctuations, but they recommend financial stocks with high dividend yields and guaranteed payouts as a preferred long-term investment for both institutional investors and high-dividend ETFs.

“

This week has been really blue!