According to a report from the Financial Holding Company Research Department, all financial holding companies are rated neutrally, with a buy recommendation specifically for Chinatrust. The report indicates that the aggressive tariff policies introduced by President Trump have raised pressures on global financial assets, with corrections in the stock market typically between 5% and 10%. U.S. treasury yields have also significantly increased, leading to impairments on Taiwan’s financial industry holdings of global financial assets, particularly affecting insurance, securities, and trading revenues.

Additionally, the Chinese market is particularly vulnerable, with concerns over potential further impairments on related financial assets and credit. The report highlights that while a cooling stock market could influence securities-related and wealth management revenues, there are currently no immediate pressures on bank interest margins or credit costs, with anticipated limited downgrades in profit and dividends.

The report also notes that the impact of equivalent tariffs has caused stock market volatility, along with inflation expectations rising, which has affected dollar bond yields. In general, sectors that hold significant overseas financial assets such as the insurance industry and the domestic financial market focusing on securities are expected to experience higher potential impacts.