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Tech Shares May Boost Taiwan Stock Market

(RTTNews) - The Taiwan stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day slide in which if had fallen more than 160 points or 1.5 percent. The Taiwan Stock Exchange now rests just above the 12,000-point plateau and it's predicted to rebound on Friday.

The global forecast for the Asian markets continues to be positive, with markets expected to ride upward momentum into next year. The European markets were mixed and the U.S. bourses were firm and the Asian markets are tipped to follow the latter lead.

The TSE finished slightly lower on Thursday following mixed performances from the financials, cement companies and technology stocks.

For the day, the index fell 7.12 points or 0.06 percent to finish at 12,001.01 after trading between 11,982.64 and 12,030.66.

Among the actives, Cathay Financial rose 0.12 percent, while Fubon Financial and Taiwan Cement both collected 0.11 percent, E Sun Financial eased 0.18 percent, United Microelectronics Corporation shed 0.60 percent, Hon Hai Precision fell 0.22 percent, Largan Precision advanced 0.82 percent, MediaTek sank 0.66 percent, Taiwan Cement fell 0.12 percent, Formosa Plastic lost 0.20 percent and CTBC Financial, First Financial, Taiwan Semiconductor Manufacturing Company, Catcher Technology and Mega Financial were unchanged.
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