NO ‘EXCITING’ TOPICS:Investors are expected to refocus on the nation’s economic fundamentals this week after the leaders’ meeting failed to arouse market excitement
Taipei Times
Date: , Nov 09, 2015
By: Lauly Li / Staff reporter
The historic meeting on Saturday between President Ma Ying-jeou (馬英九) and Chinese
President Ma Ying-jeou, right, and Chinese President Xi Jinping enter the room at the Shangri-La Hotel in Singapore where they held their summit on Saturday. Photo: AP
President Xi Jinping (習近平) in Singapore is expected to have a limited impact on the TAIEX this week due to a lack of economic and trade accomplishments, analysts said.
After seeing signs of a sell-off in local shares late last week, the market is expected to focus on economic news and the outlook for the technology sector in the run-up to the year-end holiday season, they said.
“The Ma-Xi meeting is more symbolic than substantial,” said Roy Chun Lee (李淳), deputy director of the Chung Hua Institution for Economic Research’s (CIER, 中華經濟研究院) Taiwan WTO Center.
Lee said the leaders’ meeting did not create any “exciting topics” for the market. [FULL STORY]