Taiwan Fund Monthly Insights – October 2022
November 30, 2022The Taiwan TAIEX Total Return Index (the “benchmark") fell 4.95% in October 2022 in US ollar terms, with the technology sector dropping 2.90%, non-technology down 0.41%, he financial sector down 0.62% and over-the-counter stocks (as measured by the Taiwan OTC Index) down 6.59% during the same period, in US Dollar terms. The top three outperforming sectors were real estate, energy, and media & entertainment. The bottom three underperforming sectors were health care equipment & services, pharmaceuticals & biotech, and diversified financials.