The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

No excess but some anxiety

Taiwan avoided the excesses of Asian equity market euphoria last year and has escaped the worst of the stock market corrections in 2000. Some imaginative plays have helped it to the top of the Asian primary equity market this year. But even now concerns about a slowing economy, political uncertainty and a fragile banking system have many analysts believing the market has peaked for Taiwan issuers. Gill Baker reports

Taiwanese investors may find their
market rather dull compared to others in Asia

Equity and quasi-equity deals have led the Taiwan market so far this year, and look set to continue to do so for the rest of 2000.

Taiwan was in the bottom third of the rankings for Asian stock market performance last year - although still with 31% growth - as investors grew over-enthusiastic about the so-called V-shaped Asian recovery. This year has been a different story. Many stock markets in the region have suffered serious declines - Thailand is down around 40% since the beginning of the year, the Philippines and South Korea down 33% and Singapore down 18%.

Only China and the main Hong Kong market have seen positive growth. In this context, Taiwan's 4% slide seems almost robust.

But though the Taiwan Stock Exchange has not fallen as far as many in Asia this year, it has still had its fair share of problems.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree