TSWE Breaks 8,000

The Taiwanese Stock Exchange Index (TWSE) smashed through the 8,000 level on December 28 - a level not seen since June 2008. Taiwanese equities performed strongly in 2009, gaining 77% over the course of the year, in line with the recovery seen in both the Taiwanese and global economy. With our forecasts pointing to 4.6% real GDP growth for Taiwan in 2010 we see further upside potential for the index. Additionally, according to Taiwan's Financial Supervisory Commission, Chinese institutional investors are now able to pour up to US$30bn in funds into Taiwanese equities under the provisions of the bilateral MOU effective from January 16, which we expect to help maintain the TSWE's upward trajectory.

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