Bloomberg News

Taiwan’s Stocks Won’t See ‘Pre-Election Rally,’ Citigroup Says

October 25, 2011

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


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