Taiwan stocks recover

25 Nov, 2011

Taiwan stocks rebounded 0.85 percent on Thursday, but smartphone maker HTC Corp tumbled by the 7 percent daily limit after cutting its fourth-quarter revenue forecast. The main TAIEX index ended up 57.96 points at 6,864.39, after plunging almost 8 percent in the past four sessions. The electronics sub-index was off 0.55 percent, while financials jumped 3.27 percent.
Taiwan's Financial Supervisory Commission said that its Chinese counterpart would speed up the reviewing process for Taiwanese banks.

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