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PACIFIC WATCH

Taiwan

September 06, 1993|From Times Staff and Wire Reports

Chicago's Northern Trust Co. to Invest $50 Million: Taiwan authorities have approved an application by the company to invest $50 million in the Taiwan stock market, the Securities and Exchange Commission said. Foreign financial institutions are allowed to directly purchase Taiwan stocks under a program begun in 1990. Direct investments by individual foreign investors are banned. About 50 foreign institutions have been authorized to invest $1.99 billion in Taiwan stocks, according to SEC data.

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