Oct. 25 (Bloomberg) -- Taiwan’s shares may fall further as a “pre-election rally” won’t occur as some investors expect, Citigroup Inc. said in a report today.

Investors should buy Taiwan technology stocks as the industry has underperformed, according to a report by Citigroup analyst Peter Kurz. The Taiex index may reach 8,200 next year, he said.

To contact the editor responsible for this story: Allen Wan at awan3@bloomberg.net