Investors leaving stock market amid uncertaintyBy Kao Shih-ching / Staff reporterThe number of local stock investors last month declined for the third consecutive month to 2.94 million, attributable to a plunge in local stock prices and uncertainty over the US’ monetary policy, Taiwan Stock Exchange data showed. The number of investors peaked at 3.86 million in May, but fell to 3.34 million in June following a local outbreak of COVID-19, the data showed. With fewer investors, stock market turnover has more than halved from NT$12.38 trillion (US$444.75 billion) in July to NT$5.9 trillion last month, the data showed. As the US Federal Reserve might update its monetary policy, investors have started acting more conservatively on the local stock market, which is susceptible to the volatility of the US financial market, a stock exchange official said. Some investors might have held back due to the plunge in the TAIEX in the middle of last month, the official added.

Source: Taipei Times November 12, 2021 19:00 UTC