Tech boosts Taiwan and South Korea

By Raymond Chan, CIO, Dresdner RCM Asia After a weak third quarter, global equity markets rebounded sharply during the first two months of the quarter. Economic data remained patchy, however, prompting further monetary easing from the Fed, the ECB and central banks across Asia. The best performances within Asia came from Taiwan and South Korea, led by export stocks and techs in particular. The bigger surprise of the quarter was the gain in India, as industrial activity re-accelerated and the reform programme got back on track. Most of the Southeast Asia struggled to see positi...