Taiwan stocks ended down 0.73 percent on Wednesday as lingering concerns over US and European debt problems cast a shadow on the prospects of tech exporters such as Hon Hai Precision. "Stocks staged quite a rebound in the last few sessions. That together with the debt problems in the West is pushing investors to the sidelines," said Chu Yen-ming, a vice president of KGI Securities. He added the main index would consolidate at the 7,500-8,000 point level in the short term.
The benchmark TAIEX index slipped 56.83 points to 7,741.76, dragged by electronics shares' 1.46 percent fall. Hon Hai, a major supplier of Apple , lost 0.13 percent. Smartphone maker HTC shed 3.14 percent. HTC said it had sued Apple in the United States over alleged patent infringement. One bright spot was Asustek Computer, which rose 2.53 percent. Asustek said it was optimistic about the second half of this year as demand in China and Europe turned strong in the third quarter and with product launches planned for the fourth quarter.
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