By: Liu Pei-cheng and Frances Huang
Taipei, Dec. 2 (CNA) The Taiwan Stock Exchange's (TWSE) benchmark index will likely challenge and surpass its historical high in the first quarter of 2020 because of an improving economy and strong market liquidity, an expert said Monday.
Hsiao Chien-hsiang (蕭乾祥), chairman of Fubon Securities Investment Services Co., said at an investment forum that Taiwan has relatively sound economic fundamentals compared with neighboring countries, and its stock market should continue to flourish.
He pointed to Taiwan's expected 2.64 percent growth in 2019, which would beat the 1.7 percent growth forecast for South Korea, 0.5 percent growth projected for Singapore, and 0.9 percent growth anticipated for Japan as forecast by IHS Markit.
Taiwan's economy is also expected to grow 2.72 percent in 2020, Hsiao said, citing the Directorate General of Budget, Accounting and Statistics (DGBAS). [FULL STORY]