What was the year-on-year growth rate of the STT?

It increased 2.9 times (290% year-on-year), the highest since April 2004.

What was the main reason for the increase in STT?

Active trading in the Taiwan stock market, driven by the AI boom and rising global stock markets.

AI News NQ Analysis

May Securities Transaction Tax Surges 2.9 Times Year-on-Year to NT$70.4 Billion, Setting a New Monthly Record

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AI Summary (NQ-processed)

Taiwan's Ministry of Finance announced that the net securities transaction tax (STT) collection for May reached NT$70.4 billion, a new all-time monthly high. This represents a 2.9-fold increase year-on-year, the highest growth rate in over 22 years. The surge is attributed to the continued rally in the Taiwan stock market, fueled by the AI boom and rising global equities.

AI Analysis

Frequently Asked Questions

Q: What was the net securities transaction tax (STT) collection for May?: A: It was NT$70.4 billion, a new single-month record.
Q: What was the year-on-year growth rate of the STT?: A: It increased 2.9 times (290% year-on-year), the highest since April 2004.
Q: What was the main reason for the increase in STT?: A: Active trading in the Taiwan stock market, driven by the AI boom and rising global stock markets.