Posted on: May 28, 2021 Posted by: Betty Lee Comments: 0

Folks carrying protecting masks order meals at a restaurant in Taipei, Taiwan, on Thursday, Could 27, 2021.

Billy H.C. Kwok | Bloomberg by way of Getty Photos

Goldman Sachs has upgraded its advice for Taiwan shares, and says it “appears to be like good underneath the hood.”

The benchmark Taiex has taken a beating in current weeks, and is main losses amongst main Asia-Pacific markets thus far in Could, in line with calculations by CNBC.

The Taiwan inventory market has been underneath stress, after the island was hit by a resurgence of Covid-19 infections. Previous to the most recent wave, Taiwan was broadly applauded internationally for its success in containing the coronavirus and not using a full lockdown.

However Goldman Sachs’ chief Asia-Pacific fairness strategist Timothy Moe shouldn’t be apprehensive.

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