Market players shy away from taking stances on Taiwan election

China is the main factor in poll with major geopolitical implications

20240110 Taiwan Market story

Markets see Taiwan's election as one of the most important geopolitical events of 2024. (NIKKEI montage/Source photos by AP and Hiroki Endo)

KENJI KAWASE and ECHO WONG, Nikkei staff writers

TAIPEI/HONG KONG -- Market players are closely watching Saturday's presidential election in Taiwan for its far-reaching global implications. Yet the politically sensitive nature of the poll means many are cautious to present their views despite playing up its significance.

Ning Zhang, senior China economist at UBS Investment Research, said at a news conference in Hong Kong on Thursday that the topic of the election was "political," and that it was "inconvenient" to comment on it.

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