The Taiwan Stock Exchange Corp. (TSEC) last week signed memorandums of understanding (MOUs) with a pair of U.S. markets--the International Securities Exchange (ISE) and Philadelphia Stock Exchange (PHLX). Through the cooperation agreements, the Taiwan exchange will provide information about options products to PHLX and exchange-traded funds (ETFs) to ISE.
"U.S investors have been more willing to invest in the Taiwan stock market," said TSEC spokesperson Zuxin Wang, particularly in technology companies. The U.S. subprime crisis has mostly bypassed Taiwan, said Wang. "Our benchmark, the TAIEX, posted constant growth during the first quarter," he noted. The TAIEX closed at over 8,300 on Jan. 2 and climbed past 8,500 on March 31. It continued to rise through the second quarter, surpassing 8,900 on May 7.
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