BREXIT: Acer, Asus to watch European markets

Taipei Times
Date: Jun 25, 2016
By: Lauly Li / Staff reporter

Taiwanese PC makers Acer Inc (宏碁) and Asustek Computer Inc (華碩) yesterday said that they would closely monitor currency fluctuations and microeconomic changes in European markets following Britain’s decision to leave the EU.

“The immediate impact [of the referendum] on enterprises would be volatility in the foreign-exchange market, which Acer will monitor closely to respond in a cautious manner,” Acer chief executive officer Jason Chen (陳俊聖) told reporters after the company’s annual general meeting in New Taipei City’s Sijhih District (汐止).

The pound’s decline against the US dollar and the sharp depreciation of the euro against the greenback are expected to affect consumer confidence and suppress the spending capability of European consumers, Chen said.     [FULL  STORY]

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