Taiwan stocks down

Taiwan stocks dipped 0.16 percent on Tuesday, but Hon Hai Precision gained after it said it would take over a Mexican manufacturing plant from Cisco Systems. Hon Hai ended up 0.68 percent amid expectations the purchase of the plant, which makes set top boxes, would guarantee orders in the first year and bring in solid margins.
The main TAIEX index closed 14 points lower at 8,524.57. Glass and cement shares were among the top losing sectors, both down over 1 percent. Foreign investors were net sellers on Monday, bringing their total selling to T$43.68 billion this month.