Taiwan share prices are expected to stay firm next week amid stronger foreign investor support especially for the bellwether electronics sector, dealers said Friday. Foreign investors have resumed their buying activities evidenced in this week's major gains and are likely to continue next week partly due to the Taiwan dollar's steady performance, the dealers said.
"Overseas investors are reducing their shares in South Korea and likely to put in more funds to Taiwan," said Michael Hsu, a Jih Sun Securities Investment assistant vice president.
The market has a chance of reaching 6,600 points, after it breached the strong resistance at the 10-year moving average of 6,400 points Thursday, he said.
Average daily turnover stood at 103.05 billion Taiwan dollars (3.23 billion US), up from 72.11 billion dollars a week earlier.