Friday, 06 April 2012 16:58
TAIPEI: Taiwan stocks rose 0.37 percent on Friday, recovering some ground from recent losses, with China Development Financial surging 5.27 percent after it announced plans to buy a controlling stake in brokerage KGI .
The main TAIEX index opened up 28.08 points at 7,667.90, boosted by electronics and financials, both of which rose 0.48 percent.
KGI, Taiwan's second-biggest brokerage, was 7-percent limit up.
The Taiwan dollar rose slightly to trade at T$29.51.
Foreign investors were net sellers on Thursday, bringing their total buying to T$1.26 billion this month.
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