Goldman Sachs upgraded Taiwan stocks. Its top APAC strategist explains why

People wearing protective masks order food at a restaurant in Taipei, Taiwan, on Thursday, May 27, 2021.Goldman Sachs has upgraded its recommendation for Taiwan stocks, and says it "looks good under the hood."has taken a beating in recent weeks, and is leading losses among major Asia-Pacific markets so far in May, according to calculations by CNBC.

The Taiwan stock market has been under pressure, after the island was hit by a resurgence of Covid-19 infections. Prior to the latest wave, Taiwan wasBut Goldman Sachs' chief Asia-Pacific equity strategist Timothy Moe is not worried.

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CNBC /  🏆 12. in SE

Pro In Yangon, Gen-Z held a night strike and prayed for Myanmar. May27Coup StopInternetRestrictions WhatsHappeningInMyanmar

Pro Taiwan stocks have medium-term and long-term problems. The communist regime plans to invade Taiwan.

Pro good

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