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Technology Stocks : Alliance Semiconductor
ALSC 0.8100.0%Jul 10 5:00 PM EST

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To: Ram Seetharaman who wrote (8911)11/8/2000 1:09:30 AM
From: DJBEINO  Read Replies (1) of 9582
 
UMC (2303) closed @ 67.00 +1.50 vol 188,181,781 most active
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Nov 7 net purchase 3,766m shares
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TAIWAN WEIGHTED closed @ 6067.94 +190.17 (+3.24%)
Day's Range :5889.01 - 6164.62
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``Valuations are quite good,'' said James Liu, who helps manage $248 million in Taiwan equities at ING CHB Securities Investment & Trust Ltd. in Taipei. ``If you consider the stock market over the last two to three weeks investors are coming back into the market. We like TSMC and UMC.'' While the key index fell a fifth since September, it's up 9 percent this month.

Investors also said political concerns are already factored into share prices. A telephone survey this week shows support for impeachment of President Chen Shui-bian appears to be limited to opposition politicians. About 66 percent of Taiwan people said they disagreed with plans to impeach Chen while 22 percent supported the removal effort.

``The chance for the opposition to pass impeachment laws against President Chen is disappearing,'' said John Lin, who manages at $130 million National Investment Trust Ltd.

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Taiwan Shrs End +3.2% On Continued MSCI Buying Momentum
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