Taiwan Stocks React to Elections

choi

(1) Jonathan Powers, The Taiwan enigma. Khaleej Times, Jan 19, 2012 (available now).
http://www.khaleejtimes.com/Disp ... amp;section=opinion

Note: From "About us" in the home page: Published by Galadari Printing and Publishing Co LLC, "Khaleej Times is the first English newspaper to be launched in the UAE in 1978."

(2) Contrast
(a) Aries Poon and Fanny Liu, Taiwan Markets Slip After Election; Against expectations, stocks drop on first trading day after election, Reflecting Europe Fears, Ma's Challenges. Wall Street Journal Asia, Jan 17, 2012
http://online.wsj.com/article/SB ... 64690976698130.html
(Taiwan stock index "ended 1.1% lower at 7103.62. Taiwan's currency also was lower against the U.S. dollar")

(b) Michael Forsythe, Ma’s China Deals Up for Judgment as Taiwan Prepares to Vote. Bloomberg, Jan 15, 2012.
http://www.businessweek.com/news ... epares-to-vote.html
("Markets may be assuming a Ma victory. Option traders are increasing bullish bets on an exchange-traded fund tracking Taiwan stocks. The ratio of calls to buy the iShares MSCI Taiwan Index Fund versus puts to sell rose to 3.39-to-1 on Jan. 9 and touched 3.47 on Jan. 6, the highest level since March 2008, two months before Ma was sworn in for his first term")

My comment: There is no need to read the rest of the Bloomberg report.