Taipei shares outlook: Mixed to higher on rebound fuelled by NASDAQ

TAIPEI (AFX-ASIA) - Share prices are expected to open mixed to higher helped by a technical rebound, with sentiment bolstered by the overnight gains on NASDAQ, dealers said.  	    Gains may be limited by a general reluctance to push the upside amid lingering concerns over margin-related selling, they said.	    Yesterday, the weighted index closed down 53.22 points at 5,176.71 on turnover of 50.62 bln twd.	    Foreign institutions were net buyers of shares worth 3.97 bln twd, local investment trusts net sellers of 409.20 mln twd and brokers net sellers of 271.57 mln.	    "It will take select electronics shares that have shown resilience lately to stage an onslaught to help the market break free from the risk of sliding to 5,000 points," a Masterlink Securities Investment Advisory analyst said. 	    "We really need to see a conspicuous expansion in volumes especially among wafer foundry houses, IC design ventures, CD-R producers and PCB suppliers.	    "While NASDAQ's overnight steadiness could be cited as a catalyst, this hardly justifies excessive optimism at this stage."	    The analyst said a warning by the opposition that they could bring down Premier Chang Chun-hsiung for his failure to sustain economic growth resulted in losses Friday and this has kept the market weak up till now. 

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