Taiwan shares may test 6,800 points

Taiwan share prices are expected to test 6,800 points again on weak market confidence amid lingering concerns over further Wall Street turbulence and a slowing US economy, dealers said Friday.
As share prices continue to weaken, the market is also haunted by fears that foreign institutional investors will cut holdings and move their funds out of the island, they added.
For the week to August 1, the weighted index closed down 231.08 points or 3.19 percent at 7,002.54, after a 6.14 percent increase a week earlier. Average daily turnover stood at 84.01 billion Taiwan dollars (2.61 billion US), compared with 105.67 billion dollars a week ago.