The circular trend of this indicator reached the lowest, 95.4, in May 2020, and then kept rising all the way, exceeding the long-term trend level in February this year, and reaching 107.23 this July, reflecting the prosperity of Taiwan’s general stock market since the beginning of this year. The impact of pandemic has accelerated the development of digital transformation, which contributes to the investment and development of the commercial service industry, and in turn makes the relevant commercial service industry stock market promising. Figure 8.