2024-06-21 06:25:39 +0300
Goldman’s New Index Shows China-Taiwan Tension at Decade High
Bloomberg
By Tassia SipahutarGoldman Sachs Group Inc. says China-Taiwan tensions have risen to the highest in the past decade but these are now largely priced in to the island’s equities, based on two new indicators it has created.
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The Cross-Strait Risk Index -- which tracks news articles on geopolitical tensions -- jumped after Russia’s invasion of Ukraine in February and the inverse correlation with broader Taiwan equities rose to the highest level in its time series, strategists including Alvin So in Hong Kong and Timothy Moe in Singapore wrote in a note to clients.
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