Taipei shares close higher on liquidity-driven buying |
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Sat, 29 Sep 2007 07:06
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TAIPEI (XFN-ASIA) - Share prices closed 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 lent support to their positions in the last trading session of the quarter, while appreciation of the local currency also heightened expectations of further capital inflows.The special Saturday session today was to make up for a holiday earlier this week because of the Mid-Autumn Festival.The weighted index closed up 64.57 points or 0.69 pct at 9,476.52, after trading in a range between 9,424.71 and 9,482.37.Turnover was 124.75 bln twd.For the week, the index gained a cumulative 371.24 points or 4.08 pct.The Taiwan dollar ended the morning session at 32.573/dollar, compared with the previous close of 32.667.adela.lin@afxasia.comal/kmqxfnal/xfnkmCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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Taipei shares outlook - Higher on liquidity-driven buying 