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Financial Stocks Defy Market Sell-off as E.SUN Financial Hits Record High
Finance · Major Banks · economic_daily · 2026-10-15
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While the broader Taiwan stock market faced a sharp decline, financial stocks showed resilience, with E.SUN Financial reaching a historic high.
What Happened
Financial Sector Resilience: Amid a sharp 1,600-point drop in the Taiwan stock market, financial stocks emerged as a defensive play, with E.SUN Financial reaching a record high of 49.5 TWD and gains seen in SinoPac and Shanghai Commercial Bank.
Operational Headwinds: While AI-driven demand supports corporate lending, banks face rising funding costs due to tighter liquidity and intense deposit competition, limiting near-term net interest margin expansion.
Strategic Growth and Earnings: E.SUN Financial is set to finalize its acquisition of the insurance agency business of Mercuries Life Insurance on November 6, while CTBC Financial reported record-breaking nine-month net profits of 63.23 billion TWD.
Market Outlook: Analysts remain optimistic about banking growth visibility, noting that strong corporate credit demand, particularly from the AI sector, continues to provide a solid fundamental buffer for the financial industry.
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