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Taiwan deputy fin min urges investors to stay calm as stocks fall

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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.Taiwan's benchmark stock index closed down 3.3 per cent, making it the worst performing market in Asia on

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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Taiwan deputy fin min urges investors to stay calm as market fallsTAIPEI : Taiwan's economic fundamentals are good and investors should remain calm, rational and not panic, Deputy Finance Minister Frank Juan told Reuters on Friday after another large fall in share prices.Taiwan's benchmark index closed down 3.3 per cent, making it the worst performing market in Asia on
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