Taiwan stocks dip

Taiwan stocks closed 1.86 percent lower on Tuesday, the worst performer in Asia, with HTC Corp losing 6.2 percent on concerns over its recovery following its replacement of its CFO and amid increased competition. The main TAIEX index fell 143.99 points to 7,585.87, after opening flat. Car makers were the biggest laggards, down 5.37 percent, with flat panel makers down 3.72 percent. Electronics shares lost 2.35 percent, while banking shares slipped 1.2 percent.
The Taiwan dollar was up by T$0.050 to trade at T$29.514. Foreign investors were net sellers on Monday, bringing their total selling to T$34.75 billion this month.