Taiwan shares to move higher: dealers

28 Jan, 2008

Taiwan share prices are expected to rise, helped by the bellwether electronics sector which slid recently over fears about the ailing US economy, dealers said Friday.
But they said the rise could be capped with the long Lunar New Year holiday approaching amid ongoing worries about volatility on Wall Street and the health of the US economy.
In the week to January 25, the weighted index close down 445.06 points or 5.44 percent at 7,739.59 after a 1.93 percent increase a week earlier. Average daily turnover was 140.16 billion Taiwan dollars (4.34 billion US), compared with 188.57 billion dollars a week ago.

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