Apple, Not China, Is the Biggest Risk for Taiwan Stocks: JPMorgan
- Foreign investors pull $2.2 billion as Apple suppliers fall
- BlackRock is underweight amid saturated smartphone market
This article is for subscribers only.
For investors in Taiwan’s $841 billion stock market, Tim Cook matters more than Tsai Ing-wen.
While the ascension of independence-leaning Tsai to the presidency on Friday has sparked concern relations with China will deteriorate, JPMorgan Asset Management and BlackRock Inc. say the bigger risk is the slowdown in the global smartphone business.