Taiwan stocks end down, dragged by HTC and LCD makers

Reuters News
|
Posted: Mar 12, 2012 1:43 AM
Taiwan stocks end down, dragged by HTC and LCD makers

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)