TAIPEI (XFN-ASIA) - Share prices closed sharply higher, taking a cue from
Wall Street's gains after a better-than-expected US regional manufacturing
activity survey and further falls in global commodity prices, dealers said.
Investors were also betting on an extended market upswing after the
presidential election in Taiwan this weekend that is expected to usher in a more
China-friendly administration, they said.
The weighted index closed up 187.37 points or 2.25 pct at 8,524.99, after
moving in a range between 8,412.52 and 8,539.91.
For the week, the index had a cumulative gain of 363.60 points, or 4.46 pct.
Turnover today was 171.36 bln twd.
(1 usd = 30.60 twd)
philip.wang@afxasia.com
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