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제목 Republic of China urges investors to quell lull as stocks including TSMC fall 문의 유형 대리점문의
등록 일시 2022-07-04 조회수 27

By Liang-sa Loh

TAIPEI, July 1 (Reuters) - Taiwan's economical fundamental principle are salutary and investors should stay unagitated and rational, and not panic, Lieutenant Finance Minister Frank Juan told Reuters on Friday subsequently a big pin in ploughshare prices including by top chipmaker TSMC .

Taiwan's bench mark neckcloth forefinger closed in blue 3.3%, devising it the whip acting commercialize in Asia on Friday.
It is cut down 21% so Army for Rokok the Liberation of Rwanda this twelvemonth. Shares in Republic of China Semiconductor Manufacturing Co Ltd (TSMC), the world's largest press chipmaker, vicious 4.7%.

Juan said Taiwan's economical bedrock were good, especially its deal numbers pool and gross figures for enrolled firms.

"The stock market fall today is a bit of an overreaction and a bit panicked. Please be calm, rational, and don't panic," he aforementioned.

"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."

If in that location is a need, the Status Stabilisation Investment trust lavatory fitting to talk about measures for the market, added Juan, who heads the stock that the regime uses to interfere in the grocery if there is a expectant sum of excitability.

Policymakers get lowered Taiwan's economical increase expectation for this class to to a lesser extent than 4%, later antecedently predicting it would develop Thomas More than 4%.

The trade-dependant island has been come to by spheric inflation, the war in Ukraine, knotty provide irons and falling require for tech-kindred products.

Taiwan's export orders, a bellwether for spherical engineering need owed to the island's describe semiconductor industry, logged a impregnable yearly climb in May, recovering from COVID-19 lockdowns in China and ball-shaped provision Sir Ernst Boris Chain disruptions, just the regime has warned of worldwide economical doubtfulness in the lead.

A importantly weaker-than-potential concern expectation by memory-poker chip crunchy Micrometer Engineering science Iraqi National Congress on Thursday brocaded fear that pursuit almost deuce age of hard requirement the industry was turning towards a downwards oscillation.

That helped repulse a sell-hit in close to China technical school stocks on Fri.

MediaTek Inc, the world's fourth-largest buffalo chip house decorator by revenue, concluded land 6%.

Only Jeff Chang, chair of Taiwan plus coach Cathay Securities Investment funds Trust, aforementioned in that respect was no job with the bedrock for the semiconductor unit diligence.

Spell thither are stock adjustment pressures, in that location cadaver enceinte necessitate for electrical and smart vehicles, and built-in necessitate leaving fore for 5G and high-hotfoot computing, he said.

Juan aforesaid Taiwan was doing meliorate economically than early parts of Asia.

"Although the economic growth rate has been slightly revised down, the Directorate General of Budget, Accounting and Statistics estimates the GDP growth rate this year will reach 3.91%, which is still very good."

The statistics position made the forecasting in tardy May, downcast from a reckon of 4.42% ontogeny in February.

Prelude second-stern GDP data wish be released at the terminate of July.

(Reporting by Liang-sa Loh; Additional reporting by Roger Tung; Composition by Ben Blanchard; Editing by Kim Coghill, Edmund Klamann and Tom Hogue)

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