The survey, conducted from Monday to Thursday last week, found that all six subindices pointed upward, with the gauge on stock investment adding 2.5 points to 68.1. The university attributed the pickup to the signing of a “phase 1” trade deal between the US and China, and positive guidance from major tech firms about their business outlook. China accounts for 40 percent of Taiwanese exports and the coronavirus outbreak could dampen demand for electronic components after disrupting production and shipping, Wu said. The subindex on household income added 0.7 points to 97.5, while the subindex on durable goods consumption rose 0.6 points to 112.25. The survey, which polled 2,766 adults by telephone, has a margin of error of 2 percentage points.

Source: Taipei Times January 30, 2020 15:56 UTC