Merger and acquisition activity in Taiwan has hit a 15-year low as the US-China trade war and global recession fears have spooked investors who fear the business climate is deteriorating.
The transaction value of US$2.5 billion year to date represented only 27 per cent of last year’s total. China’s economy expanded 6.2 per cent in the second quarter of this year, the weakest quarterly growth since record-keeping began in 1992. Dealogic said that not a single Taiwan-targeted deal whose transaction value surpassed US$500 million had appeared during this year’s first eight months.
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