The Taiwan TAIEX and economy have made a comeback.
This chart shows what the financial and economic situation looked like about a year and a half ago.
"The end of an 18-year...correction aligned with a global stock market collapse to generate a record decline in Taiwan’s GDP in the first quarter—minus 10.2%. That’s a fitting echo of a record bear market...Taiwan’s economic worst should soon be over, if it is not already."
Asian-Pacific Financial Forecast, July 2009
Asian-Pacific Financial Forecast editor Mark Galasiewski was spot-on when he wrote that "Taiwan's economic worst should soon be over..." The Wall Street Journal reports (Jan. 3) that Taiwan enjoyed "GDP growth of 9.98% in 2010," and said growth is expected to be 4.82% in 2011.
You'll also notice the arrow pointing upward in the chart above, which Mark used to indicate his forecast for Taiwan TAIEX prices. The chart below -- from the January 2011 Asian-Pacific Financial Forecast -- shows that share prices indeed climbed northward.
Prices moved upward from the low of a "contracting triangle" which concluded the 18-year correction. The Taiwan TAIEX reached a two and a half year high (8,997) on January 4. That's a 40% climb from the time the first chart above published in late June 2009.
What's next for Taiwan's economy and stock market?