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People carrying protecting masks order meals at a restaurant in Taipei, Taiwan, on Thursday, May 27, 2021.
Billy H.C. Kwok | Bloomberg by way of Getty Images
Goldman Sachs has upgraded its advice for Taiwan shares, and says it “appears good below the hood.”
The benchmark Taiex has taken a beating in latest weeks, and is main losses amongst main Asia-Pacific markets up to now in May, in keeping with calculations by CNBC.
The Taiwan inventory market has been below strain, after the island was hit by a resurgence of Covid-19 infections. Prior to the most recent wave, Taiwan was widely applauded internationally for its success in containing the coronavirus and not using a full lockdown.
But Goldman Sachs’ chief Asia-Pacific fairness strategist Timothy Moe shouldn’t be apprehensive.
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