REMAINING FIRM:Financial representatives have told the FSC that investors remain optimistic about the Taiwanese stock market and are not selling their holdings in droves
Date: Aug 28, 2015
By: Ted Chen / Staff reporter
Most institutional investors remain confident in Taiwan’s stock market, despite looming concerns including China’s slowing economic growth momentum, a potential interest rate hike in the US and rising volatility in global markets, the Financial Supervisory Commission (FSC) said yesterday.
The remarks came after the commission gathered representatives from 43 foreign and domestic brokerages and securities investment trust companies to hear its briefing on the current market situation.
The companies told the commission that given the lack of runaway systemic risk and largely sound fundamentals, recent tumbles on the TAIEX were overdone. [FULL STORY]