Taiwan Stock Market Corrects in March, Securities Firms' Net Profit NT$8 Billion, Down 46% Month-on-Month
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According to statistics from the Taiwan Stock Exchange, Taiwan's stock market underwent a correction in March due to economic uncertainties caused by the US-Iran conflict. The after-tax net profit of all securities firms was NT$8.007 billion, a 46.7% decrease compared to February. This was mainly due to increased securities valuation losses in proprietary trading. However, for the first three months of the year, the cumulative after-tax net profit of all securities firms reached NT$48.265 billion, a significant growth of 2.52 times compared to the same period last year.