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Technology Stocks : Alliance Semiconductor
ALSC 0.8100.0%Jul 10 5:00 PM EST
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To: DJBEINO who wrote (8947)11/21/2000 1:19:56 AM
From: DJBEINO  Read Replies (2) of 9582
 
UMC (2303) closed @ 54.00 +3.50 vol 96,840,415 most active
(low=48.9)
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TAIWAN WEIGHTED closed @ 5103.00 +257.79 (+5.32%)
Day's Range :4760.68 - 5103.00
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Bucking the regional slump, Taiwan's TWSE Index snapped an eight-day decline, surging 5.3 percent as investors said government funds bought shares to boost confidence after the index's 40 percent plunge this year.
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the Ministry of Finance halved the daily stocks drop limit to 3.5 percent for the fourth time this year and said it will remain in place until year-end.
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Taiwan shares end up 5.3% at 5103 on strong support buying from government funds and local banks after Finance Ministry yesterday raised cap on banks' investment in listed companies; but worries over domestic politics and economic growth linger and market expected to remain volatile, with resistance around 5270, says dealer.
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Taiwan opposition may be offering deal to President Chen; a lesser-known KMT lawmaker, Chen Ming-wen, says today he supports idea of coalition government and putting recall efforts on backburner. KMT may be using Chen Ming-wen to feel out President Chen for possible compromise on power-sharing that could take Taiwan out of current political paralysis. But Chen has so far spurned idea of broad compromise with KMT
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