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Print Print edition: 2011-12-14

Taiwan stocks lower

Published Updated

Taiwan stocks fell 0.76 percent on Tuesday, joining China and other regional bourses in declines as worries resurfaced over the eurozone and a Chinese economic slowdown, but smartphone maker HTC ended up 2.65 percent. The benchmark TAIEX index shed 52.73 points to close at 6,896.31, weighed by automobile and department stores, both of which dropped over 2 percent.
One bright spot was HTC, rising 2.65 percent. The world's No 4 smartphone maker has filed a criminal complaint against Citigroup Inc's Taiwan unit, alleging the bank published false information that led to a fall in HTC's share price.

Copyright Reuters, 2011

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