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Taipei shares open higher on liquidity-driven buying


Published : Sat, 29 Sep 2007 02:29
By : Agencies
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TAIPEI (XFN-ASIA) - Share prices opened higher as liquidity-driven buying outweighed the dip on Wall Street overnight due to caution ahead of October's US corporate earnings reports, dealers said.

Fund managers giving support to their positions before they close their books for the quarter as well as appreciation of the local currency have also heightened expectations of further capital inflows.

At 9.03 am, the weighted index was up 43.96 points or 0.47 pct at 9,455.91, after opening at 9,458.67.

Turnover was 6.21 bln twd.

The Taiwan dollar opened at 32.605 against the US dollar today, compared with the close of 32.667 yesterday.

(1 usd = 32.60 twd)

adela.lin@afxasia.com

al/kmq

xfnal/xfnkm

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