By: Chiu Po-sheng and Y.F. Low
Wu, who is a manager of the National Financial Stabilization Fund, said the first factor is the end of the political uncertainty that had preceded Saturday’s presidential and legislative elections.
Second, although foreign institutional investors have been net sellers of Taiwan shares in the past several trading sessions, they have not taken their funds out of the country, he said.
The third major factor is the “relatively stable” performance of the Taiwan bourse since the start of the year, compared with international markets, Wu said. [FULL STORY]