By: Tien Yu-pin and Frances Huang
Taipei, Aug. 29 (CNA) Taiwanese investors’ confidence in the equity market fell sharply amid lingering concerns over the economic climate at home and abroad and due to a shock resulting from recent volatility in the global financial markets, according to a survey released by J.P. Morgan Asset Management.
The survey showed that the equity investment index in Taiwan fell 24.7 points from a quarter earlier to 81.7 in the third quarter, the lowest level since J.P Morgan Asset Management started such a survey in July 2004.
The weighted index on the Taiwan Stock Exchange hit a 2015 high of 9,973.12 points on April 27. But since then, the local main board has started trending lower amid worries over the debt problems in the eurozone and fears of an interest hike by the U.S. Federal Reserve. [FULL STORY]