Oliver Fang
Oliver Fang
decline far rebound steep straight technical three
A technical rebound after a steep decline for three straight sessions was far from a big surprise.
arrived asking bad calls clear phone president serious today unwind
President Chen made it very clear today that he's serious about the plan. That's very bad indeed, and phone calls just arrived in droves (from clients) asking to unwind their positions.
billion brakes foreign given investors lack last month net putting reason selling sold taiwan
As of last week, foreign investors had sold over NT$40 billion net of Taiwan equities this month. I see little reason for putting the brakes on the selling spree over the remainder of the month given the lack of catalysts for the bulls.
across concerns drag possible relations remained taiwan tense
Concerns over a possible straining in already tense relations across the Taiwan Strait remained a drag on the market.