Also, a depreciating NT dollar could mean rising property prices, which would benefit life insurance firms that hold significant real estate in their portfolios and considerable US dollar assets that they are no longer directly hedging, he said.
Citigroup named six investment picks: AU Optronics Co (
But investors should avoid banking stocks that the US investment advisory agency said are big losers from NT dollar exposure and low interest rates.
Accordingly, some banking-centric financial groups topped the net sales list for foreign investors on the local bourse yesterday, including SinoPac Holding (永豐金控) and Chinatrust Financial Holding Co (中信金控), according to the Taiwan Stock Exchange's data.
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