Behind the Bull Markets in Korea and Taiwan
1988; Taylor & Francis; Volume: 15; Issue: 2 Linguagem: Inglês
10.1080/00927678.1988.10553615
ISSN1940-1590
Autores Resumohe he Korean and Taiwan stock markets are booming these days as the countries begin to translate their industrial achievements into financial wealth. But the continued strength of their bull markets depends as much on changes occurring in their financial systems as it does on their continued industrial expansion. In 1987, Korea and Taiwan were the best-performing equity markets in the world. The composite price index finished with a gain of 120 percent for the year in Taiwan and 98 percent in Korea. Before the October crash, the index in Taiwan had skyrocketed 220 percent from the year's opening day, only to plummet along with other world markets. The steady Korean market was the lone exception to the year's roller-coaster ride, dropping only 3 percent in the two weeks after Bloody Monday. Much of the market advance can be attributed to the success of their
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