By: Central News Agency
Taipei, Jan. 15 (CNA) Shares in Taiwan closed moderately higher Friday, with most earlier gains eroded as investors became cautious about political uncertainty over the upcoming presidential and legislative elections scheduled for Saturday, dealers said.
Investors appeared reluctant to chase prices and maintain the earlier significant upturn as they witnessed the China equity market taking a beating amid concerns over a slowdown of the Chinese economy and weakness of the Chinese yuan, the dealers said.
The weighted index on the Taiwan Stock Exchange closed up 19.13 points, or 0.25 percent, at 7,762.01, after moving between 7,708.66 and 7,842.34, on turnover of NT$89.99 billion (US$2.68 billion). [FULL STORY]