Taiwan Stocks Rise After Tsai Election Victory Boosts Sentiment
- Equities have tended to gain in the month after an election
- Taiex measure may top record high by April, analyst says
This article is for subscribers only.
The landslide election victory for President Tsai Ing-wen has reinforced a winning run for Taiwan’s financial markets.
Traders on Monday had their first chance to react to the victory of Tsai’s Democratic Progressive Party -- which advocates for Taiwan’s formal independence. The Taiex stock benchmark closed at its highest level in more than three weeks with a 0.7% gain, while the local dollar gained 0.2% to close stronger than 30 per U.S. dollar for the first time since June 2018. The yield on 10-year government bonds was little changed at 0.6456%.