Sunday, March 11, 2012

Reuters: Technology News: Taiwan stocks end down, dragged by HTC and LCD makers

Reuters: Technology News
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Taiwan stocks end down, dragged by HTC and LCD makers
Mar 12th 2012, 05:39

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A man holds up the new HTC One after a news conference at the Mobile World Congress in Barcelona February 26, 2012. REUTERS/Gustau Nacarino

A man holds up the new HTC One after a news conference at the Mobile World Congress in Barcelona February 26, 2012.

Credit: Reuters/Gustau Nacarino

TAIPEI | Mon Mar 12, 2012 1:39am EDT

TAIPEI (Reuters) - Taiwan stocks ended down 1.1 percent on Monday, joining Asian bourses amid uncertainty of Chinese growth, weighed down by HTC Corp (2498.TW) and LCD makers .TOPI, as investors took profit from their previous gains.

The main TAIEX index .TWII 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 .TEI lost 1.1 percent, with HTC down 3.39 percent. Hon Hai Precision Industry (2317.TW) shed 0.99 percent after reporting a 55 percent rise in February sales.

Financial shares .TELI 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.

(Reporting by Clare Jim)

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