Corruption Probe in Taiwan Keeps Stocks Under Pressure. Disappointment Over Economic Indicators Also Contributes to Declines; Tech Sector Vulnerable

Article Abstract:

Shortly after President Chen Shui-bian was sworn into office, Taiwan's stock market began to drop over concerns about a government to end corruption, which has unexpectedly lowered the values of high-tech company's stock prices.

South Korea, Government regulation (cont), National Government, Public Administration, Political activity, Securities industry, Chen, Shuibian

---

Taiwan stock market falls prey to angst over earnings

Article Abstract:

Taiwan's main stock index fell 3.5% on August 24, 1998, primarily caused by anxieties of investors over corporate earnings. An August 31, 1998 deadline for announcement of first-half earnings was perceived negatively by investors, lowering forecasts. Weighted price index dropped 1.3%to 6723.77. The Taiwanese government has already revised its 1998 growth forecast, lowering the previous 6% to 5.3%, as corporate profits are being pulled down by the ongoing Asian economic crisis.

Economic aspects

---

Taiwan merits another look; experts say bargains abound in tech sector

Article Abstract:

The Taiwan Stock Exchange's main index has fallen at a 32-month low of 5474.79. The decline was triggered by the news that a prominent politician had bounced NT$100 million in checks which led to a bank run at a bank with ties to the family of the politician. The other factors leading to the stock market decline are concerns by corporate directors who have made a large portions of their shares as loan collaterals, worries about the slowing economic growth and the disbanding of the stock-market stabilization fund.

Taiwan, Statistics, Securities, Taiwan Stock Exchange

Similar abstracts:

• Abstracts: Sharp decline in stocks reflects investors' greater aversion to risk. Nasdaq Rallies on U.S. Data, But Some Say It Won't Last
• Abstracts: A jewel in crown of Mobil becomes a thorn in its side; big Indonesian gas field is target in a guerrilla war. AIG agrees to revised Hyundai deal
• Abstracts: A memetic algorithm for the total tardiness single machine scheduling problem. Algorithmic approach to the satisfactory graph partitioning problem
• Abstracts: One dream at a time,Euro Disney is drawing visitors and aiming to win over investors next. Euro Disney net income soars by 64%, despite fewer visitors
• Abstracts: Sprint, Virgin weigh wireless IPO amid resurgent telecom market. Russia halts seizure of frequencies

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.