(Bloomberg) -- Taiwan's stocks rose for the first day
in five as investors judged recent declines excessive and a
newspaper reported the island's mutual funds may invest more.
Cathay Financial Holding Co. led gains.
``Investors have regained their composure after being knocked
around in the global stock market turmoil,'' said Vickie Hsieh,
who helps oversees $1.4 billion at President Investment Trust
Corp. ``Leading Taiwan companies offering good value will be the
most appealing.''
Read more at Bloomberg Stocks News
in five as investors judged recent declines excessive and a
newspaper reported the island's mutual funds may invest more.
Cathay Financial Holding Co. led gains.
``Investors have regained their composure after being knocked
around in the global stock market turmoil,'' said Vickie Hsieh,
who helps oversees $1.4 billion at President Investment Trust
Corp. ``Leading Taiwan companies offering good value will be the
most appealing.''
Read more at Bloomberg Stocks News
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