Investors worried over political uncertainty in Taiwan: poll
Want China Times
Uncertainty over Taiwan’s upcoming presidential election is affecting investor sentiment
in the country as investors think the political situation is creating risks for the local economy, a survey on economic optimism in Taiwan showed Thursday.
Cathay Financial Holding, which conducted the survey earlier this month, said 35.2% of investors think the January 2016 presidential election poses a threat to the domestic economy. Investors’ concern over the political uncertainty is greater than their worry about the debt problems in the eurozone (17.9%) and the pace of the economic recovery in emerging markets (17.2%), the poll indicated.
According to the survey, 16.5% of Taiwan investors fear that further volatility in China’s equity market will affect Taiwan’s economy, while 13.2% are apprehensive about a possible interest rate hike by the US Federal Reserve later in the year. [FULL STORY]