TAIPEI :Taiwan's economic fundamentals are good and investors should remain calm and rational, and not panic, Deputy Finance Minister Frank Juan told Reuters on Friday after a large fall in share prices.
Juan said Taiwan's economic fundamentals were good, especially its trade numbers and revenue figures for listed firms. "With the current economic situation, the stock market should not fall like this. Taiwan stocks today have fallen deeper than South Korea and the United States. It is mainly a psychological panic - the stock market should return to fundamentals."
Policymakers have lowered Taiwan's economic growth outlook for this year to less than 4 per cent, after previously predicting it would grow more than 4 per cent.
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