Starting at 14,720.25 points on Jan. 4, the TAIEX advanced 3,486.31 points this year, compared with an increase of 2,735.39 points last year. The TAIEX stood above 17,000 points on 130 of this year’s 244 trading days and above 18,000 points for five days, Financial Supervisory Commission (FSC) data showed. The TAIEX outperformed its Asian peers this year, with Japan’s Nikkei index gaining 5.33 percent, South Korea’s KOSPI index rising 4.17 percent, Singapore’s Strait Times index gaining 10.35 percent and China’s Shanghai Composite Index rising 3.57 percent, commission data showed. PGIM holds an upbeat outlook for local stocks next year on the back of the nation’s strong exports, Yeh said. Local equities are likely to continue attracting investors next month on the back of strong corporate fundamentals, SinoPac said in a statement.

Source: Taipei Times December 30, 2021 16:56 UTC