Taipei shares turn lower after mild opening gains; Ma verdict awaited |
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Tue, 14 Aug 2007 02:49
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TAIPEI (XFN-ASIA) - Share prices turned lower after posting mild opening gains as investors await a court verdict on Ma Ying-jeou, Taiwan's main opposition candidate for next year's presidential elections, over corruption charges.Ma, former chairman of Kuomintang, was accused of misusing more than 11 mln twd in expense accounts during his time as Taipei mayor from 1998 to 2006. Ma has denied the charges.The Taipei District Court will give its verdict on the case today.At 9.22 am, the weighted index was down 62.75 points or 0.70 pct at 8,876.21, after opening up 13.58 points at 8,952.54.Turnover was 24.66 bln twd.(1 usd = 32.90 twd)adela.lin@afxasia.comxfnal/xfnrcCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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Taipei shares outlook - Mixed to higher; court verdict on Ma awaited 