Electronics companies in Taiwan have suffered at least a 10 per cent drop in
revenue following the terrorist attacks in US. Analysts believe the short-term suspension
of exports from the US will have undermined electronics companies’
fourth-quarter performances, which were expected to be strong. Stock prices and
jobs will be under more pressure, they claim.
Leading analysts at AnalYuanta Core Pacific Securities Group said many
believed that high demand for products in the US leading up to Christmas would
have led to a recovery in Taiwan’s struggling electronics industry. They now
expect consumer confidence in the US will drop and that international electronics
manufacturers will slow their delivery and placement of orders, which will
further dampen the market.