Taiwan investor confidence rose in Oct on recovery

“Our findings suggest investors have become more optimistic since Sept. 15, 2008, when Lehman Brothers declared bankruptcy,” JPM Rich said. “Investors' confidence has grown as the global economy heads for a recovery.”

The survey also found over the past six months, 45.8 percent of investors made money off their investment, and 35.5 percent had losses. This is a sharp reversal from past surveys where those losers outnumbered winners. However, respondents continued to hold a negative outlook over the island's economy, unemployment rate and prices. The statistics bureau in August forecast this year's GDP will decline by 4.04 percent from an earlier estimate of 4.25 percent. Consumer prices for the year will likely fall 0.68 percent, from an earlier forecast drop of 0.61 percent.

Subscribe to The China Post and save 25%. Click here

SharePrintEmail

Write a Comment

Terms

Enter your comments - 3000 characters max

Type in image code

Submit

 Receive China Post promos
 Respond to this email