HTC drags Taiwan stocks to 13-week closing low

By
Daily Excelsior
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TAIPEI, Oct 29: Taiwan stocks fell 0.6 percent to its lowest closing level in 13 weeks on Monday, trailing regional bourses, as smartphone maker HTC Corp tumbled by the maximum allowed in a session after it forecast a fall in revenue in the current quarter.
The main TAIEX index finished 42.39 points down at 7,091.67, its lowest close since July 26. HTC dropped 7 percent to T$219.50.
The Taiwan dollar was up slightly to stand at T$29.258.
Foreign investors were net sellers on Friday, bringing their total selling to T$32.3 billion this month.
(agencies)

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