Taiwan stocks to rebound on stimulus fund, US rise

Newswire

TAIPEI, April 29 (Reuters) - Taiwan stocks are expected on Tuesday to rebound from a six-month low after the cabinet approved a fund of T$50 billion, or US$1.43 billion, to fight the SARS virus and Wall Street rose overnight. The main TAIEX share index ended down 2.22 percent at 4,139.5 on Monday, and has fallen 11.1 percent over the past six sessions. "The Taiwan index already has been oversold. It's time for a rebound as the cabinet's anti-virus fund is seen positive to help fight ...

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