Markets

Taiwan stocks ease, Hon Hai gains

Published Updated

At 0103 GMT, the main TAIEX index fell 0.34 percent, or 29.42 points to 8,720.13, after opening flat.

TSMC and UMC shed 1.1 percent and 0.35 percent respectively, after both posting a month on month decline in sales for a third consecutive month in June.

Quanta Computer Inc was off 0.86 percent. The company reported a 11.22 percent decline in June sales on Friday.

The Taiwan dollar was flat at T$28.799.

Foreign investors were net sellers on in the previoius session, bringing their total selling to T$2.08 billion this month.

 

Copyright Reuters, 2011