Taiwan Consumer Confidence Falls to 64.58 After 2,953-Point Taiex Crash
Updated
Updated · Focus Taiwan · Jul 27
Taiwan Consumer Confidence Falls to 64.58 After 2,953-Point Taiex Crash
3 articles · Updated · Focus Taiwan · Jul 27
Summary
Taiwan’s consumer confidence index fell 0.47 points month on month to 64.58 in July, based on a July 18-21 National Central University survey of 3,308 respondents.
A 2,953.71-point, 6.47% Taiex plunge on July 17 drove the drop, with the stock-market subindex suffering the sharpest decline, down 1.82 points to 28.08.
All six CCI components weakened, including the domestic economic climate at 80.53, family finances at 77.42 and employment prospects at 72.19, reflecting broader damage to confidence beyond equities.
The home-buying index slipped 0.22 points to 90.13 but stayed above 90, as NCU said some investors may shift funds from volatile stocks into property before a preferential mortgage program expires at July-end.