BloombergPresident Tsai Ing-wen’s (蔡英文) landslide election victory has reinforced a winning run for Taiwan’s financial markets. Foreign investors bought a net NT$10.75 billion (US$358.91 million) of local stocks, the most in almost a month, Taiwan Stock Exchange data showed. “Investors will pay attention to beneficiary stocks in the short-term,” Mega International Investment Services Co (兆豐投顧) chairman Shelly Lee (李秀利) said. A gauge of tourism stocks was the worst performer, ending 2.63 percent lower, amid concerns that the election result would further worsen cross-strait ties. “Taiwan stocks tend to rise after an election, as uncertainty is removed,” President Capital Management Co (統一投顧) chairman Li Fang-kuo (黎方國) said.
