4 days ago
Issue 8: Love Thy Neighbour
Globalisation is not reversing but evolving.
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18 October 2024
Since Trading Post went long on Taiwan in December 2023, the TAIX has surged by a third. It's time to reassess Taiwan's position within the business cycle. The conclusion is stay overweight equities and the NT$.
The current geopolitical status quo benefits the U.S., China, and Taiwan, with no imminent military conflict on the horizon. Xi is not going to take Taiwan by military force and neither is the US going to abandon the Taiwan Relations Act.
Meanwhile, Taiwan’s business cycle is in a broad-based upswing, with a positive outlook for corporate earnings.
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