Chung predicted that the local stock market could lose ground in the first week after the holiday as profit-taking pressures emerge and curb the TAIEX's four straight weeks of gain, Chung said.
Wu disagreed.
"I'm upbeat about the new trading session as abundant liquidity, mostly from overseas investors, will continue to drive up the index," he said. That will be based on the assumption that the US stock markets are not hurt by unexpected news, he added.
Overseas fund managers bought stocks with a net worth of nearly NT$80 billion this month as of yesterday, a good sign for the year, Wu said.
RSS