Taiwan stocks fall

13 Mar, 2012

Taiwan stocks ended down 1.1 percent on Monday, joining Asian bourses amid uncertainty of Chinese growth, weighed down by HTC Corp and LCD makers, as investors took profit from their previous gains. The main TAIEX index fell 88.46 points to 7,927.55, after opening up 0.16. LCD makers were among the biggest losers, ending 2.18 percent lower.
Electronics shares lost 1.1 percent, with HTC down 3.39 percent. Hon Hai Precision Industry shed 0.99 percent after reporting a 55 percent rise in February sales. Financial shares were down 0.97 percent. The Taiwan dollar was down by T$0.002 to trade at T$29.506. Foreign investors were net buyers on Friday, picking up T$2.45 billion.

Read Comments