Public is optimistic about Taiwan stock market

　　The August “National Economic Confidence Survey” conducted by Cathay Holdings found that 41 percent of interviewees said they would be investing more in the stock market, an increase from the 36.6 percent in the July survey. 57.4 percent of the people said they believe Taiwan economy to either improve slightly or significantly in August, also higher than the 53.6 percent last month.

Quoting the term used by President Ma Ying-jeou in his ten-year plan for Taiwan, the CLSA Asia-Pacific said Thursday that the island will see its stock index to pass and keep at 10,000 in the coming “golden decade” as the landmark cross-strait Economic Cooperation Framework Agreement (ECFA) leads to more opportunities for international cooperation.

Although the equity broker gave a negative short term outlook and set its near term TAIEX target at 6,800, it advised for investment on the stock market around the end of the year to early next year.

Asia-Pacific Markets also saw the current “hiatus” of the positive effects of cross-strait capital links as a result of deliberate suppression. It expected the benefits of cross-strait capital links to show by next year and to continue until the presidential election in March 2012.

Subscribe to The China Post and save 25%. Click here

PrintEmail

Write a Comment

Terms

Enter your comments - 3000 characters max

Type in image code

Submit

 Receive China Post promos
 Respond to this email