Taiwan Stocks' Bull Run Seen Coming to a Halt as Rates Rise
- Taiex measure likely to end year little changed, survey finds
- Rising interest rates, net outflows seen as main risks in 2018
Silicon wafers made by Taiwan Semiconductor Manufacturing Co.
Photographer: Maurice Tsai/Bloomberg
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There’s little room left for further gains in Taiwan equities this year as central banks tighten, according to a survey.
The benchmark Taiex may rise to as high as 11,500 before ending the year at 11,000, barely changed from the current level, according to the median estimate of 12 analysts, fund managers and traders. Half picked rising interest rates and net outflows as the main risks to the local market. Taiwan’s stock gauge surged 15 percent last year, its best performance since 2009, helped by a global technology rally and $6.1 billion of inflows.