Taiwan market hit worst by 2001 technology falls

Taiwan is currently the worst performing market in the Far East region, according to Helen Fallow, investment manager on the Far East ex-Japan desk at Britannic Asset Management. After an initial strong few weeks at the start of the year, the Taiwan Weighted Index is down 21.20% in sterling terms over the year to 16 October 2001. 'The Taiwan market and economy is heavily geared into technology, so it has been under a lot of pressure this year,' says Fallow. 'Since the second quarter, earnings have been marked down so there has been a lot of earnings disappointment over the last few m...