UNCERTAINTY:Investors were wary that foreign institutional funds planned to move assets from the local market amid fears of a rise in US protectionism, an academic said

Taipei Times
Date: Nov 29, 2016
By: Kuo Chia-erh / Staff reporter

The nation’s consumer confidence index dropped to 77.71 this month, its lowest level in three years, as consumers turn more pessimistic on the outlook of stock investments, a survey by National Central University showed yesterday.

The figure dropped 1.24 points from last month’s 78.95, with all six sub-indices falling, the survey showed.

The sub-index on stock investments declined the most, registering a drop of 5.7 points from last month to 66.9 this month.

“Stock investors turned gloomy this month after Trump was declared the winner of the US presidential election,” said Dachrahn Wu (吳大任), a professor of economics and director of the university’s Research Center for Taiwan Economic Development, which helped conduct the survey.    [FULL  STORY]