Analysts upbeat about stock market in September
By John Liu , The China Post
September 1, 2014, 12:03 am TWN
Thanks to a soon-to-be-unveiled iPhone 6 and an abundance of capital in the financial market, market analysts expect the local electronics sector and stock market to outperform in September.
Despite the geopolitical crisis in Ukraine which may destabilize stock markets around the world, Taiwan's major corporations stand a better chance to outperform in the remainder of 2014, Allianz Global Investors Taiwan Ltd. (德盛安聯投信) fund manager Corrina Xiao (蕭惠中) pointed out recently.
The optimistic outlook comes partly from Apple Inc.'s iPhone 6 and iWatch, which are set to be unveiled on Sept. 9, and analysts believe that the local electronics industry will benefit from the product launch.
A booming electronics industry is likely to provide great momentum to the local stock market, as the industry constitutes a great portion of Taiwan's overall industry.