Taiwan stocks flat

Taiwan stocks were flat on Monday morning, dragged down by construction holdings as investors grappled with the continued fall-out of a bribery scandal at a major builder. The main TAIEX index rose 5.19 points to 9139.65 as of 0148 GMT, largely trailing other regional and global bourses, after closing flat in the previous session. Construction was down 0.7 percent. The subindex has been battered by an ongoing bribery scandal at major real-estate developer Farglory Land Development Co Ltd, which fell 4 percent.
The electronics subindex rose 0.27 percent, helped by chip maker MediaTek Inc, which reported record monthly sales for May. The stock saw a 2 percent gain.