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Politics : Formerly About Applied Materials
AMAT 327.03+2.5%Jan 16 3:59 PM EST

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To: StanX Long who wrote (63091)4/23/2002 5:00:20 AM
From: StanX Long  Read Replies (1) of 70976
 
More room to rise for Taiwan shares
By Thomas Au Yeung,Special to the China Post
Tuesday April 23, 12:00 AM

sg.news.yahoo.com

Taiwan shares, despite riding near 19-month highs, along with other Asian stock markets, are still believed by most fund managers to be undervalued compared with U.S. or European markets. "There is more upside in Asian stocks," said Shane Oliver, Henderson Global Investors' chief economist and head of investment strategy, in a recent article in The Asian Wall Street Journal.

The journal article said Henderson believes that Asian stock markets will continue to outperform U.S. shares even if the region's economic growth is heavily dependent on global recovery.

According to Oliver, "the U.S. stock market could potentially rise around 10 percent by the end of this year. But here in Asia, the scope of returns could be 25 percent or even higher than that."

Oliver also added that South Korea and Taiwan are expected to benefit the most from an export-driven regional recovery, but believes Taiwan's gains to be stronger than South Korea's, which has been a favored market among many fund managers since the second half of 2001.
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