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Taiwan stocks end down, dragged by HTC and LCD makers

Mon, 03/12/2012 - 7:41am
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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