Tuesday, May 20, 2008

Taiwan New President Inaugural Speech

Ma Yingjiu inaugural speech yesterday:

I think his speech is generally positive for the across-strait relationship. But his speech dashed the hope for any immediate political solution. He advocates "no independence, no unification, no military armament".

Taiwan index was down 2.5% afterwards:

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Taiwan ETF is down over 3% today, but the trend is still up:

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EEM: MSCI emerging market index
EWT: Taiwan ETF