First State and Britannic Asset Management remain wary on Taiwanese equities in part because of the ...
First State and Britannic Asset Management remain wary on Taiwanese equities in part because of the country's relationship to mainland China. Both groups feel the future is uncertain for Taiwanese firms trying to buy into emerging China. Lack of prospective restructuring of Taiwan's state-banks-dominated finance sector and the global IT decline are other factors being considered. The stock exchange, the TWSE, has come down to about 5,000, following a 2002 high of 6,500. Year-on-year GDP growth in Taiwan is 4.8%, while consumer prices rose 0.01% in January from December, according to...
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