Retail in Asia

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Taiwan’s consumer confidence index shows fall in May

The consumer confidence index of Taiwan dipped 1.29 points to 91.64 in May, while the stock investment confidence sub-index saw the largest fall, by 9.6 points, based on a report released by the National Central University on Wednesday. Dachrahn Wu, director of NCU’s Research Centre for Taiwan Economic Development, said the confidence for stock investment tumbled largely because the government tuned down this year’s GDP growth forecast last week, and money in the local stock market had flown to China’s booming stock market.