Taiwan’s TAIEX Closes the Year as One of the World’s Best Performing Markets

Taiwan’s TAIEX Closes the Year as One of the World’s Best Performing Markets

4 years ago
Anonymous $mKxHd64frN

https://wccftech.com/taiwans-taiex-closes-the-year-as-one-of-the-worlds-best-performing-markets/

Although the chill of the US-China trade war is being felt in many markets around Asia, Taiwan is an outlier. It's one of the few countries in the world that continually upgraded its growth forecast throughout the year as many of its peer states stared at recessions. To cap it all off Taiwan's stock market -- with a handful of trading days left in the year -- is only a few points away from beating its all-time historical high thanks to its overall performance, in particular, tech companies.

Having risen 24% this year, the TAIEX index of the Taiwan Stock Exchange is just 4% under its all-time high of 12,495 which it hit in February 1990. Should daily trends stay the same, the index, now at 12,000 will breach the record in the first trading days of January.