Taiex
The TAIEX is Taiwan’s benchmark index, with technology companies accounting for just over a third of the market. Semiconductors are the main subsector.
Emerging-market stocks are always highly exposed to the local and global economy. Taiwan's benchmark index, the TAIEX, is no exception, with so-called cyclical stocks comprising 86% of the market. But while financials or commodities tend to dominate most emerging-market indices, in Taiwan's case, technology is the heavyweight industry, accounting for just over a third of the market. Semiconductors are the main subsector.
The biggest defensive segment is consumer goods. Food and drink firms and personal and household goods producers make up most of this. They collectively comprise 8% of the market. The rest of that segment contains cyclical car and car-part makers.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
What is bitcoin halving and what does it mean for crypto investors?
Bitcoin halving is likely to take place this week, according to experts. Historically, this practice has caused the cryptocurrency to soar in value. But will this time be different?
By Katie Williams Published
-
British Airways revamps Avios scheme bringing down flight prices to £1
With the new Avios part-payments scheme you can now bag a British Airways flight for as little as £1
By Oojal Dhanjal Published