TAIPEI, March 9 (Reuters) - Taiwan stocks ended flat on Wednesday, with oil counters recovering as oil prices retreated from recent highs.
However, analysts expressed doubt that foreign investors would extend buying, after being net buyers on Tuesday of T$809 million ($27.56 million) worth of shares. [ID:nTOE72006Q]
"We need more time to see whether fund inflows are sustainable because of uncertainties in North Africa," said SKI Securities senior vice-president Chu Yen-min.
The TAIEX index .TWII finshed up 0.03 percent at 8,750.02 The sub-index of rubber shares .TRUI was among the biggest winners, up 3.3 percent.
Financials .TFNI also outperformed and climbed 0.68 percent, with the Taiwan dollar TWD=TP trading higher and life insurers expected to post solid earnings for February thanks to a weaker local currency last month.
(Source: http://www.reuters.com/article/2011/03/09/markets-taiwan-stocks-close-idUSTPV00246720110309)
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