Despite the historic trade agreement signed earlier today between Taiwan and China, Taiwan’s TSEC weighted index (^TWII) closed down 2.43%. It seems that fears of global recession trumped this historic economic breakthrough. This turn of events now presents investors with the question: Is it time to get into ^TWII?

Fear is one thing, but new economic ties to perhaps the fastest growing economy in the world surly stands for something when evaluating the prospects of ^TWII - especially since the index is down over the past 52 weeks from 9,437.43 to a tempting 4,110.09.

The trade agreement between China and Taiwan has been in the works for the past six months, following the election of Taiwan’s new president, Ma Ying-jeou. With missile threats and naval exercises by China perhaps a thing of the past, Beijing and Taipei buried the political hatchet to work on strengthening economic ties.

The timing does indicate a sense

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