Business

Editor: Bruce Meng
12 Sep 2008 01:21:54 GMT

TAIPEI, Sept 12 – Taiwan stocks opened up 1.39
percent on Friday, bouncing from Thursday’s 3.2 percent slide, as
investors welcomed an economic stimulus package the government
said could generate T$1 trillion in investment and consumption.

The main TAIEX share index was 86.66 points higher at the
open at 6,338.61, following a positive day on Wall Street that
saw the major indexes rise more than 1 percent.

Shares of Shin Kong Financial were up 2.89 percent after
media said it could receive investment from Japan’s Dai-ichi
Mutual Life, while the banking and insurance sub-index was up
1.55 percent.
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