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Technology Stocks : Oak Technology (OAKT)
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To: Sparky65 who wrote (3625)11/21/1997 12:02:00 AM
From: Dan Spillane  Read Replies (1) of 4335
 
Korean won and Taiwan dollar rebound...

TAIPEI, Nov 21 (Reuters) - Taiwan share prices closed higher
on Friday on Wall Street's strong gain, easing Iraq-U.N.
tensions and the Taiwan dollar's rebound, but brokers noted
caution ahead of the island's November 29 local elections.
* Closing: up 80.06 points/1.04 percent at 7,773.35
* Turnover: T$104.9 billion, vs Thursday's T$117 billion
MAIN FACTORS BEHIND FRIDAY'S RISE:
* The Dow Jones index rose 1.32 percent overnight.
* Easing Iraq-U.N. tensions due to Russian mediation.
* Worries over South Korean won ease on signs Seoul will
seek IMF help. Won and Taiwan dollar rebound.
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