520 Curse

520 Curse
The (nine-year-long) tradition of falling prices on Taiwan’s stock exchange each May 20 – the island’s presidential inauguration day. (520 = 5/20, i.e., May 20.)

“The so-called ‘520 curse’ has finally been broken!” reported The China Post:

Despite a heavy selling spree earlier in the day as Taiwan confirmed its first H1N1 case, the benchmark index Taiex closed higher at the end of the trade in a sharp reversal of what it had been for the past nine years, in which stocks had always closed lower on May 20, the Inauguration Day for the R.O.C. president.
On May 19, Formosa News noted, “Thoughts are now turning to whether the Taiex can break a near-decade-old trend Wednesday,” and explained:
[May 20] has seen shares slide every year for the past nine years, following contentious speeches marking the anniversary by former President Chen Shui-bian.
The uncertainty and negative news surrounding that date have gradually diminished, said analyst Cai Zong-yuan. …
The Taiex has risen 45 percent so far this year, making it one of the top performers in major global markets, but whether it can over come the politically sensitive date, investors will just have to find out Wednesday.
The Taiex’s recent strength has been attributed to President Ma Ying-jeou’s conciliatory attitude toward Beijing and his efforts to improve Sino-Taiwanese trade.


Dictionary of unconsidered lexicographical trifles. 2014.

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