“Financial stocks also helped boost the broader market on bargain hunting,” Huang added. “Investors are hoping that the Legislature will soon pass the trade-in-services agreement between Taiwan and China.”

Financials are EWT’s second-largest sector weight, accounting for 17.2% of the ETF.

Foreign investors have also targeted Taiwanese equities due to the country’s account surplus. Taiwan’s trade surplus for February was $1.6 billion, rising a higher-than-expected 7.9% year-over-year, RTT News reports. [EM Account Surplus Trade Yields Mixed Results]

iShares MSCI Taiwan ETF

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