GTSM index stabilized after steep decline in the month of November. In the beginning of the month boosted by the impressive earnings of the solar energy stocks and the productive meeting between the top negotiators of China and Taiwan, the market picked up momentum with the index rising three days in a row. But from the 6th on, the tumbling U.S. stock markets, the predicament of DRAM makers, and the pessimistic outlook of the solar energy industry hit by plummeting crude oil prices and weak demand dragged down the large-cap stocks, including PowerChip, ProMOS, Motech, and SASP. The prices of those stocks have fallen more than 50% since early October. The index continued the decline to hit a historical low of 54.85 on the 20th, down more than 20% in a short period of time. From the 21st on, lifted by the news that PowerChip would have cash infusion from Elpida and the brilliant performance of the U.S. stock markets, DRAM and solar energy stocks rebounded strongly to put a halt to the decline of the index, which closed at 60.52 at the end of the month, off 13.34% from the end of October.

In the Emerging Stock Market, the average daily turnover amounted to NT$168 million and a total of 38,724 transactions executed in the month of November. At the beginning of month, there were 238 stocks registered as emerging stocks, which was decreased to 237 by the end of month as 2 stocks transferred to the general board of GTSM or TSE or were delisted, and 1 new stock registered. The market recorded the highest turnover of the month on the 3rd with more than NT$318 million.