Taiwan's Benchmark Index Rises to Six-Year High, Led by Cathay Financial

(Bloomberg) -- Taiwan's stocks rose to a six-year
high. Cathay Financial Holding Co. led insurers higher after
lawmakers approved a bill allowing them to invest more of their
assets overseas.

``Parliament's decision gives more room for Taiwan insurers
to maximize profitability by investing globally,'' said Yin Nai-
yun, who oversees $172 million at Prudential Securities
Investment Trust Enterprise in Taipei.


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