Taiwan's stock market, one of Asia's best performers this year, is expected to pump up trading volumes sharply in 2017, as it could get a boost from stronger global economic growth, the chairman of the Taiwan Stock Exchange said on Tuesday. The island's benchmark index is up 12 percent this year, fuelled by heavy foreign investor buying of tech heavyweights, such as the world's top contract chip maker, Taiwan Semiconductor Manufacturing Co (TSMC).
Still, trading in the overall market has been weak, raising concerns the exchange could miss its goal of providing a robust fundraising platform for companies and domestic brokerages would be hit. The expected inclusion of Chinese A shares in MSCI's emerging market index has also driven away investors. "Trading is low in the stock market right now. We hope trading volume can pick up its pace at the end of this year into 2017," Chairman Shih Jun-ji told Reuters in an interview. "The global economy will grow faster next year, when there would not be such uncertainty about rate hikes by the Federal Reserve.
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