Taiwan shares may extend gains on ample liquidity

Taiwan share prices are expected to extend gains into next week on continued ample liquidity as foreign investors keep pumping funds into the market, dealers said Friday.
Optimism over international demand next year for the high tech products, which Taiwan exports has triggered further foreign buying in local stocks, they said.
While profit-taking cannot not be ruled out after a recent strong showing, the current up trend remains intact, they added, with the market likely to trade between 7,500 and 7,700 points next week.
For the week to December 1, the weighted index closed up 186.21 points or 2.51 percent at 7,613.57, after a 2.31 percent gain a week earlier. Daily average turnover stood at 124.77 billion dollars (3.86 billion US), compared with 107.26 billion dollars.