William Dong News
-
Taiwanese stocks are tumbling at the fastest pace in Asia as record high valuations versus the region and slumping exports prompt foreign investors to sell.
-
Investors will be cautious on Taiwanese equities in the first quarter because of Europe’s debt crisis and uncertainty over election results, said William Dong, UBS AG’s head of Taiwan equities.
-
Taiwan’s stocks may be set for a “pull-back” in the fourth quarter as growth slows in 2011 and as some of the island’s industries enter a “more mature phase,” UBS AG said.
-
UBS AG , Switzerland’s biggest bank, cut its target for Taiwan’s stock index for a second time in three months amid concern the European debt crisis will slow demand for the island’s technology exports.
-
A pullback in Taiwan stocks this quarter will be “milder” than expected given increased liquidity, according to UBS AG, Switzerland’s biggest bank.
-
A proposed capital-gains tax on Taiwanese securities trading will probably raise as much as NT$11 billion ($365.6 million) in tax revenue, according to the island’s Ministry of Finance.
-
Taiwan’s central bank may keep its benchmark interest rate unchanged tomorrow as it gauges the potential impact of China’s exchange-rate shift and the fallout from Europe’s sovereign-debt crisis.
-
The Ministry of Finance will auction 1.1 trillion yen ($13 billion) in 20-year bonds. The bid-to-cover ratio, a measure of demand, dropped at the last auctions for five-year, 10-year and 30-year bonds.
-
Taiwan faces “contagion” risks as slowing U.S. consumer spending reduces demand for the island’s exports, Credit Suisse Group AG said, prompting the brokerage to cut its yearend forecast for the benchmark index by 14 percent.
|
|
Most Popular on Bloomberg
|
| |
Rate this Page