Investor confidence in Taiwan weaker in fourth quarter: surveyTAIPEI -- nvestor confidence in Taiwan weakened in the fourth quarter from a quarter earlier to near an all-time low, according to the results of the Investor Confidence Index (ICI) Survey released Thursday by J.P. Morgan Asset Management Taiwan. In the latest ICI Survey, the investor confidence index for the October-December period fell 4.5 from the previous quarter to 81.0. J.P. Morgan said the weakening investor confidence reflected worries over the local economic and political climate, in particular uncertainty over the government's labor policy. In addition, reduced turnover in Taiwan's stock market has capped upswings in the prices of many stocks and pushed them into consolidation mode, also hurting investor sentiment, J.P. Morgan said. The sub-indexes measuring sentiment toward Taiwan's capital market, Taiwan's economic outlook, possible gains resulting from investments over the next six months, and the prospects of Taiwan's stock market, were all down.

Source: The China Post November 26, 2016 17:51 UTC