Taiwanese investors favor local stocks as economic confidence slips
Taiwan's savers still want to put money into their home market, but confidence in the wider economy is cooling as the Iran conflict pushes up oil prices.
- 57% of people surveyed say Taiwan's stock market is where they most want to invest over the next six months, with U.S. stocks a distant second at 24%.
- The main reasons: they think Taiwanese companies will keep making money and the economy is on solid ground.
- Confidence indexes for the economy, big purchases, and appetite for risk all fell this month.
- Fighting between the U.S. and Iran around the Strait of Hormuz is driving oil higher, raising fears of inflation and Fed rate hikes.
- Ordinary people expect slower growth and higher inflation this year than the government's official forecast.
Outlook: Taiwan's market is likely to keep swinging with global sentiment, and confidence will hinge on whether the Hormuz standoff eases and oil prices fall back.