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CNN | Russia's invasion of Ukraine has foreign investors fleeing Taiwan. Here's why, 23 Mar
In the three weeks following the invasion, foreign investors dumped shares worth about 480 billion Taiwanese dollars ($16.9 billion), according to Alex Huang, director at Mega International Investment Services, a Taipei-based firm.
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Taiwan had been gaining traction as a foreign investment destination in recent years, with strategists often bundling it together with India, China and South Korea in ["]a group of economies["] known as the "TICKS."
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Shares on the Taiwan Stock Exchange were little changed between late February [24] and March 17, according to data provider Refinitiv. Huang said that was because several government-backed Taiwanese banksrecently went on a buying spree , helping mitigate the loss. He said that investors based in Taiwan weren't suffering the same loss of confidence, in part because many believed the two situations ["Ukraine and Taiwan" country risks] were dissimilar, and because of a consensus that the United States would step in to help defend the island in the event of a serious attack.
crisis management
In a report to clients, [Morningstar equity analyst Phelix Lee] said that investors had two concerns: fears of a Chinese invasion, and anxiety over the supply of raw materials, including neon.
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Taiwan's currency [USD:TWD, 1:28.68] has also suffered. It has gone from serving as a "regional safe haven to geopolitical risk proxy" in recent weeks, according to Bank of America. "Geopolitical uncertainties over Taiwan are the biggest drivers of portfolio outflows," analysts there wrote in a note to clients earlier this month. They said that the Taiwanese dollar was "beginning to lag after a stellar year in 2021," after being hit by "a sharp increase in risk aversion" following the Russian invasion.
by Cat on Fri Mar 25th, 2022 at 10:34:38 PM EST
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Taiwan exports break records, show almost 30% growth in 2021
In 2021, China and Hong Kong were the largest buyers of Taiwan's goods, accounting for a total US$188.91 billion, up 24.8 percent from a year earlier, the MOF said.

The other major markets were the Association of Southeast Asian Nations (ASEAN) bloc (US$70.25 billion, up 32 percent), the United States (US$65.70 billion, up 30.0 percent), Europe (US$38.49 billion, up 36.8 percent) and Japan (US$29.21 billion, up 24.8 percent).

by Cat on Fri Mar 25th, 2022 at 10:50:13 PM EST
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Politico | Biden's summit with Southeast Asian leaders ["indefinitely"] postponed, 25 Mar
President Joe Biden will instead meet on Tuesday [29 Mar] with Singapore's prime minister, Lee Hsien Loong, to discuss both U.S. interests in the Indo-Pacific region, such as supply chains and maritime security, as well as the bloody conflict in Ukraine.
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"It seems that the event is experiencing scheduling turbulence, with more than one of the key ASEAN members unable to move or cancel pre-existing commitments on dates that the USA has proposed," said Kurt Tong, a partner at The Asia Group. "It is challenging given the long ten-member ASEAN roster and that organization's strong desire for inclusiveness."
ASEAN means business: Brunei (.BN, BND), Cambodia (.KH, KHR), Indonesia (.ID, IDR), Lao DPR (.LA, LAK), Malaysia (.MY, MYR), Myanmar (.MM, MMK), Philippines (.PH, PHP), Singapore (.SG, SGD), Thailand (.TH, THB), Viet Nam (.VN, VND)
by Cat on Sat Mar 26th, 2022 at 07:23:45 PM EST
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