Taiwan headline news: stocks set for further gains, political fights in Taipei
Taiwan's market is expected to keep climbing in September, good news for investors, while politics at home turn messier.
- Taiwan stocks are seen extending their bull run into September, helped by strong Nvidia sales lifting local AI suppliers.
- The Taiwan dollar strengthened against the U.S. dollar, though shares opened weaker.
- Politics is heating up: the KMT wants the premier to sign off on eight bills passed by the legislature, and Hou has backed Lee for New Taipei mayor.
- Prosecutors are investigating vote-buying claims in Hualien after a foreign journalist raised the allegation.
- Taiwan's China policy body is warning about Beijing reaching beyond its borders to pressure people abroad.
Outlook: AI demand should keep supporting Taiwan's market, while the vote-buying probe and the standoff over the bills stay live at home.