By: Tien Yu-pin and Frances Huang
Taipei, Sept. 2 (CNA) Investor confidence in the stock market for the third quarter of
this year rose to a new high in two years after the weighted index on the Taiwan Stock Exchange continued to move above the 10,000-point mark, according to a survey conducted by J.P. Morgan Asset Management.
In the survey, the equity confidence index for the July-September period rose 89.5, up 0.9 from a quarter earlier, marking the second consecutive quarter for the index to trend higher. The third-quarter figure was the highest since the second quarter of 2015, when the index stood at 106.4, J.P. Morgan said.
The sub-index for the weighted index movement, one of the equity confidence index’s six factors, rose to 92.9 in the third quarter, up 1.0 from a quarter earlier after a strong showing in the weighted index in recent sessions. [FULL STORY]