Stocks rise after Tsai’s election victory

EXTENDED GAINS LIKELY: In the 30 days after the past six presidential elections, the TAIEX climbed an average of 7.4%, the chairman of President Capital Management said

Taipei Times
Date: Jan 14, 2020
By: Bloomberg

President Tsai Ing-wen’s (蔡英文) landslide election victory has reinforced a winning run for Taiwan’s financial markets.

Saturday’s election results are helping extend what has been a positive period of investor sentiment for Taiwan, with the TAIEX closing up 0.74 percent at 12,113.42 points yesterday, its highest level in more than three weeks, while the New Taiwan dollar gained 0.22 percent to end at NT$29.952 per US dollar, the highest in nearly 19 months.

The yield on 10-year government bonds was little changed at 0.6456 percent.

Foreign investors bought a net NT$10.75 billion (US$358.91 million) of local stocks, the most in almost a month, Taiwan Stock Exchange data showed.    [FULL  STORY]

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