Taiwan Market Review, Q1 24: issuance doubles YoY, tech and semiconductors in focus

Structured note issuance in Taiwan soared 119% year-on-year (YoY) in the first quarter of 2024 as investors maintained a strong appetite for equity-linked products. SRP data shows that there were over 9,800 structured notes issued in Q1 2024 , up from 4,517 in Q1 2023 – January, which saw 4,159 structured notes issued, broke a monthly record before slightly retreating in February and March. Eighty one percent of the products issued in Q1 24 were capital-at-risk autocallable products, mo