Taiwan Stocks Will Soar to Record in 2020, Analysts Say
- Supports behind best year in a decade should persist in 2020
- Dividends, GDP growth among reasons foreigners are buying
Taipei, Taiwan
Photographer: Billy H.C. Kwok/BloombergThis article is for subscribers only.
This year’s unexpected 20% rally in Taiwan stocks is poised to close a final chapter in the history of its financial markets.
The Taiex index is within 7% of its all-time high from 1990, a milestone that analysts say will likely be topped next year. That year marked the bursting of the bubble in Taiwan stocks, which had rallied even more than shares in Tokyo. Taiwan’s recovery contrasts with Japan’s Nikkei 225, which peaked around the same time and remains 40% below its record.