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.