Want China Times
The Taiwan Stock Exchange Capitalization Weighted Stock Index (Taiex) could
challenge 10,000 points later this year on the back of ample liquidity and optimism toward corporate earnings, a local fund manager said Saturday.
Chan Chu-kuang, manager of the BlackRock Baoli Fund, said that although the US Federal Reserve could raise interest rates later this year, other major economies such as China, Europe and Australia are still easing their monetary policies, keeping market liquidity at high levels.
Chan said that listed companies on the local main board are expected to post a more-than 10% year-on-year increase in earnings in 2015, and such a strong bottom line will put the Taiwan market ahead of many of its rivals in Asia.
In May, the weighted index fell 1.21% from a month earlier, with the index falling into consolidation mode amid cautious sentiment after the market repeatedly breached 10,000 points in late April but failed to close above that level. [FULL STORY]