JPMorgan says the biggest risk for Taiwan stocks is Apple, not China

Taipei

FOR investors in Taiwan's US$841 billion stock market, Tim Cook matters more than Tsai Ing-wen.

While the ascension of independence-leaning Ms Tsai to the presidency on Friday has sparked concern that relations with China will deteriorate, JPMorgan Asset Management and BlackRock Inc say the bigger risk is the slowdown in the global smartphone business.