Skip to content
Subscriber Only

Large Inflows Into Taiwan Send Stocks Near Last Year's High

  • Equity benchmark seen falling shy of levels reached in 2018
  • Global trade, sales of new iPhone are cited as biggest risks
Updated on

Foreign investors have piled into Taiwan’s markets this month, leaving its stocks tantalizingly close to last year’s high.

The Taiex is unlikely to reach it, however -- because of the trade war and how many companies’ fortunes are linked to Apple Inc.’s latest iPhone, say Diana Wu, a senior manager at Capital Securities Corp. and David Chu, chairman of Hua Nan Securities Investment Management Co. Both predict the benchmark gauge will end the year 2.8% higher at 11,200.