Local bourse ‘likely’ to break 10,000 points

The China Post
Date: February 7, 2017
By: The China Post news staff and CNA

TAIPEI, Taiwan — The weighted index on the Taiwan Stock Exchange will very likely

In this file photo dated Jan. 30, 2012, three men dressed as traditional fortune gods perform at a securities trading house in Taipei as the Taiwan Stock Exchange resumes trading after the Lunar New Year holiday. (AFP)

soar past the 10,000-point mark sometime in the first half of the year, bolstered by the growth momentum of international equity funds flowing into the market amid the weakening of the greenback, according to market observers.

Bullish sentiment seen since the local bourse reopened last Thursday following the Lunar New Year holiday continued on Monday, pushing up the index to end at the session’s high of 9,548 points, the highest level for a year and half.

Financial and old economy shares, which have large property assets, attracted strong buying throughout the session.    [FULL  STORY]

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