Taiwan Stocks Show Both Sides Bet They’ll Win Weekend Election
- Stocks seen to benefit in either scenario rise ahead of poll
- President Tsai’s ruling DPP faces challenge from Kuomintang
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Voters on both sides of Taiwan’s political divide seem to be betting their favored candidates will win this weekend’s election, with stocks seen as beneficiaries of the rival policies all rising in the last day of trade before tomorrow’s poll.
Taiwan’s Taiex rose 0.5% to the highest close in a week. The Taiex Biotechnology and Medical Care Industry Index ended up 0.8%, among the top performing sectors Friday, as traders bet pharmaceutical companies will continue to benefit from President Tsai Ing-wen’s efforts to boost the industry.