Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Investor confidence drops sharply

PRESS RELEASE


Auckland, 15 April 2008

Investor confidence drops sharply across Asia Pacific in Q1 2008
New Zealand investors look towards Australia and China for future overseas investment opportunities


Investor confidence across Asia (ex-Japan, New Zealand and Australia) declined by 7.4% in the first quarter of 2008, according to the latest results of the ING Investor Dashboard Investor Sentiment Survey which were released today. In New Zealand, investor confidence fell by 23.7% during the same period.

ING’s quarterly survey, which tracks investor sentiment against a range of investment behaviours across 13 Asia Pacific markets , highlighted that the region is not insulated from global market uncertainty caused by the credit crunch, sub-prime crisis and the slowdown in the U.S. economy. The index suggests that most Asian investors have become more cautious in their investment strategies.

Overall the Asian index highlighted that investor confidence had declined by 7.4% across the region to 125 out of 200 for Q1 2008, down from 135 in Q4 2007 and from the high of 141, which was recorded in ING’s first survey in Q3 2007.

See Full Survey:

  • ING Investor Sentiment Survey
  • ENDS


    © Scoop Media

     
     
     
     
     
    Business Headlines | Sci-Tech Headlines

     

    Water: Farming Leaders Pledge To Help Make Rivers Swimmable

    In a first for the country, farming leaders have pledged to work together to help make New Zealand’s rivers swimmable for future generations. More>>

    ALSO:

    Unintended Consequences: Liquor Change For Grocery Stores On Tobacco Tax

    Changes in the law made to enable grocery stores to continue holding liquor licences to sell alcohol despite increases in tobacco taxes will take effect on 15 September 2017. More>>

    Back Again: Government Approves TPP11 Mandate

    Trade Minister Todd McClay says New Zealand will be pushing for the minimal number of changes possible to the original TPP agreement, something that the remaining TPP11 countries have agreed on. More>>

    ALSO:

    By May 2018: Wider, Earlier Microbead Ban

    The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>

    ALSO:

    Snail-ier Mail: NZ Post To Ditch FastPost

    New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>

    ALSO:

    Property Institute: English Backs Of Debt To Income Plan

    Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>

    ALSO: