Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Alliance Semiconductor -- Ignore unavailable to you. Want to Upgrade?

To: Ram Seetharaman who wrote (6723)	12/29/1999 1:19:00 PM
From: DJBEINO	Respond to of 9582

Promising stock outlook for Year of Dragon Taipei, Dec. 28, 1999 (CENS)--The Taiwan stock market closed out the Year of the Rabbit on Tuesday with spectacular advancements that herald a more promising outlook in 2000, the Year of the Dragon on the Chinese calendar. On Tuesday, the last trading session for 1999, the benchmark index rose 33.77 points to close at 8448.84, a rise of 2,030.41 points, or 31.63%, from last year's finish of 6418.43, which represented a slide of 21% from the year-end level in 1997. With foreign fund managers continuing to inject equity funds into the local bourse in the closing months of 1999, analysts predict that the bullish sentiment will carry over into 2000, with technology shares continuing to be the most favorite buying targets. The main index is expected to break the 8500-point level when the market resumes trading on Jan. 4 and to test 8600-8700, or even 9000 before March 18's presidential elections, analysts said. Foreign investors bought a net of NT$2.42 billion worth of shares on Tuesday. For the entire year of 1999, foreign investors posted a net-buy position totaling NT$333.4 billion. Foreigners increased their holdings of Taiwan Semiconductor Mfg. Co. by 925.5 million shares, lifting their combined stake in the world's largest wafer foundry to 20.19%. They also expanded their aggregate holdings in shares of United Microelectronics Corp. by 816.8 million units and pushed their combined stake in UMC to 14.39%.