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Investors cheer Asia's best bourse one year into Tsai rule

Foreign funds help Taiwan's benchmark stock index surge 32% in US dollar terms

Taipei

ONE year into Taiwan President Tsai Ing-wen's rule, investors are tallying up their winnings.

The island's benchmark stock index has surged 32 per cent in US dollar terms since Ms Tsai's inauguration, the best performance among Asian peers. Foreign funds in particular have been fans: they've pumped a net US$16.5 billion into Taiwan equities in the past 12 months, the most in the region, and helping send the currency to highs last seen in 2014.

The gains overcame concern that relations with China,...

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