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Taipei shares end higher; financials up as top regulator hints at more bailouts.
(From AFX Europe (Focus))
TAIPEI (XFN-ASIA) - Share prices closed higher, led by financials, after Sean Chen, the newly appointed chief of Taiwan's top financial regulator, said a better-rounded bailout package for local banks warrants "overall consideration."
Dealers said bargain-hunters entered the technology sector after early weakness. Some investors were also building positions in old-economy stocks.
The weighted index closed up 57.94 points, or 1.30 pct, at 4,518.43, off a low of 4,418.24 and a high of ...
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