Taiwan stocks lower

Taiwan stocks ended 1.52 percent lower on Friday, at a two and a half month closing low, dragged down by LCD makers and chip makers, down 2.65 percent and 2.33 percent respectively. The main TAIEX index fell 115.54 points to 7,507.15, after opening down 0.28 percent.
Electronics shares shed 1.84 percent, with Hon Hai losing 2.37 percent. TPK Holding and Wintek were both limit-down. Gold Circuit Electronics, the world's No 2 notebook print-circuit board (PCB) maker, ended limit down 7 percent after a fire at a plant. Banking shares fell 1.31 percent. The Taiwan dollar was up by T$0.030 to trade at T$29.502. Foreign investors were net buyers on Thursday, picking up T$3.24 billion.