Investor sentiment down
A new report has revealed that the sub-prime crisis has had a negative impact on investor sentiment across Asia, with investors in Australia, New Zealand, Japan and Taiwan the least optimistic for what’s in store.
The latest ING Investor Sentiment Index showed that recent events affected investment decision-making in all the surveyed Asian countries and that this will continue over the next three months.
In the last three months, an increasing number of investors shifted away from riskier investments and towards what they deemed to be the safer options of gold, real estate investment trusts and mutual funds.
The survey also revealed that the percentage of respondents who felt there was a deterioration in their domestic economy had significantly increased, with Korea, Japan and Taiwan most affected by this.
“Korea, Japan and Taiwan are going through a period of political uncertainty and the negative impact that government changes have had on the local economy has been profound,” ING Investment Management Asia/Pacific regional general manager, North Asia, Eddy Belmans commented.
“It will likely take some time for the new governments to regain investor confidence in these markets.”
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