HTC drags Taiwan stocks to 13-week low

Taiwan stocks fell 0.6 percent to its lowest closing level in 13 weeks on Monday, trailing regional bourses, as smartphone maker HTC Corp tumbled by the maximum allowed in a session after it forecast a fall in revenue in the current quarter. The main TAIEX index finished 42.39 points down at 7,091.67, its lowest close since July 26. HTC dropped 7 percent to T$219.50. The Taiwan dollar was up slightly to stand at T$29.258. Foreign investors were net sellers on Friday, bringing their total selling to T$32.3 billion this month.