PESSIMISTIC VIEW:The findings reflect a bleak sentiment about the economic outlook and cross-strait relations, JPMorgan Taiwan vice president Alex Chio said
Date: Jun 11, 2016
By: Crystal Hsu / Staff reporter
The nation’s investor confidence fell to a record low this quarter, lower than the level during the 2008 global financial crisis, as unease intensified over the economy, cross-strait relations and capital markets, a survey by JPMorgan Asset Management Taiwan Ltd (摩根資產管理) showed.
The investor confidence gauge compiled by the local unit of the US fund house fell to 80.1 this quarter, down 5.7 points from the previous poll conducted in January and lower than the 81.8 points recorded in 2008, as local investors grew pessimistic about the political and economic scene at home, the survey said.
“The findings reflect a bleak sentiment about the economic outlook and cross-strait relations,” JPMorgan Taiwan vice president Alex Chio (邱亮士) said. [FULL STORY]