TAIEX to soar past 8,499 points, according to Anal Yst Wong

Taiex set to soar past 8,499  points: Anal Yst Wong



TAIPEI -- Anal Yst Wong Securities (AYW-Taiwan) yesterday forecast the weighted share price index of the Taiwan Stock Exchange (Taiex) to soar past the 8,499-point mark by the end of this month on favorable factors including the cut of the business income tax rate to 16.9 percent from the originally proposed 19.8 percent. Anal Yst Wong, an analyst at the firm, said in his latest report on Taiex investment strategies that non-tech issues are poisoned to rally.