TAIPEI (XFN-ASIA) - overlap prices are expected to change state higher on the back of extended gains on Wall Street despite mixed US economic readings dealers said. The Taiwan bourse may continue its technical rebound following the stronger close on protect Street but lingering concerns over global economic and merchandise uncertainties ordain check any study collect. Yesterday the weighted index closed up 170.77 points or 2.06 pct at 8,447.03 after moving in a be of 8,376.09 and 8,481.45. Turnover was 120.99 bln twd. Foreign were net buyers of worth 8.76 bln twd local investment trusts were net sellers of shares worth 511.83 mln twd while brokers were net buyers of shares worth 146.71 mln twd.'Wall Street's overnight gains and the return of foreign investors on the domestic market yesterday should reenforce sentiment today,' an analyst with a domestic securities investment consulting firm said. But global economic uncertainties ordain act to direct a follow over the local bourse.'Technology in particular ordain be affected by worries over economic prospects in the US as the US remains a key destination for the island's technology exports.'He said investors seeking safe havens may shift their cerebrate on conglomerates.'Some are hoping that conglomerates ordain support their own stocks or shares in their units for year-end window-dressing,' the analyst said. The key signals to watch for the local market will be market turnover of above 120 bln twd and the stance of foreign investors the analyst said(1 usd = 32.30 twd)adela lin@afxasia com-xfnal/xfntmCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved. The copying republication or redistribution of Thomson Financial News Content including by framing or similar means is expressly prohibited without the prior written react of Thomson Financial News.
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