Chinese New Year

Posted on January 28, 2006 , filed under Stocks | Print This Post

It is currently Chinese New Year and I am still traveling in Hong Kong. The Hong Kong and Taiwan market will re-open on February 1st, 2006. The Chinese New Year holiday lasts for a period of 10 days and many people have a complete leave of work during that time. During the holiday I expect the positive sentiment surrounding TSM, Taiwan Semiconductor Manufacturing Company Limited to continue uninterrupted so long as the US market continues to rally. There will be little reason for the stock, 2330.tw, to suddenly drop when the market re-opens in Taiwan. I expect UMC, United Microelectronics Corporation to also ride along with TSM and the positive outlook for semiconductor fabricators.

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