Taiwan shares may rally in the fourth quarter as President Ma Ying-jeou ’s ruling Kuomintang party offers “goodies” and other incentives to help win local elections, Citigroup Inc.’s Research Head Peter Kurz said.
The re-election of Taiwanese President Ma Ying-jeou, a booster of closer ties with China, is bullish for the island’s financial markets, according to Bank Julius Baer & Co., Citigroup Inc. and Uni-President Assets Management Corp.
The best Chinese stock values these days are in Taiwan, where dividend yields lead Asia’s 10 biggest markets and economic growth matches the mainland, said Chris Ruffle , manager of the island’s best-performing mutual funds.
Taiwan President Ma Ying-jeou was re-elected emphasizing his success easing tensions with China. Now comes the hard part: building on those gains in his final four-year term without diluting the island’s autonomy.
Vodafone Group Plc , the biggest mobile-phone company by sales, is selling its entire 3.2 percent stake in China Mobile Ltd. for about $6.6 billion, according to terms of the offer obtained by Bloomberg News.
A stock-market slump that dragged Taiwan and South Korea’s benchmark indexes 20 percent below their highs prompted state-run funds to buy equities and Korean regulators to bolster scrutiny of trading activities. Benchmark indexes narrowed earlier declines.