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Dylan Ratigan says the iShares MSCI Taiwan Index (EWT) is exploding. Pete Najarian says that’s because Taiwan and China offer nothing but growth.
If investors prefer to buy individual stocks, Pete recommends Chungwa Telecom (CHT) as a telecom play as well as United Micro Electronics (UMC) as a semiconductor play.
Eric Bolling adds that Taiwan is a mini-China and as long as things stay stabile in the region, it’s a smart play.
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Trader disclosure: On July 23rd 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (EMC), (INTC), (HAS); Najarian Owns (CLX), Najarian Owned (CLX) on 7/20/07; Bolling Owns (BP), (XOM), Gold, Silver, Copper, Platinum; Bolling Is Short Crude Oil
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