Date: Nov 25, 2016
By: Crystal Hsu / Staff reporter
Investor confidence was down this quarter to its second-lowest level in history, as misgivings were revived over policy uncertainty and sluggish stock turnover, a JPMorgan Asset Management Taiwan Ltd (摩根資產管理) survey showed.
The confidence gauge, compiled by the local branch of the US-based company, shed 4.5 points from last quarter to 81, with the government still struggling to end disputes over the number of national holidays and other policy issues, the quarterly report found.
The gauge was below 81.8 when the global financial crisis hit in 2008.
Overall sentiment declined despite local investors gaining confidence in the global economic outlook and international crude prices, the survey found. [FULL STORY]