Foreign brokerages key to TAIEX passing 10,000 points

Want China Times
Date: 2015-04-27

Analysts said the Taiwan stock exchange’s benchmark weighted index, the

A securities company in Taipei, April 23. (Photo/Yao Chih-ping)

A securities company in Taipei, April 23. (Photo/Yao Chih-ping)

TAIEX, is closing in on 10,000 points and that foreign institutional investors will be one of the key factors determining when the psychological barrier is breached.

On Friday, the TAIEX gained 115.79 points, or 1.18%, to close at a 15-year high of 9,910. Since the beginning of this year, the index has risen 6.51% after gaining 8.08% in 2014.

Allianz Global Investors Taiwan fund manager Corrina Xiao said the momentum driving capital inflows could slow down, with investors still preferring large weighted stocks because of their better profits and outlook, when publicly traded companies start to release their first quarter earnings reports.     [FULL  STORY]

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