Markets

Taiwan stocks rise; HTC up on iPhone disappointment

Published Updated

Apple supplier Hon Hai slipped 0.87 percent, while the electronics sub-index was up 0.61 percent.

The main TAIEX index rose 13.3 points to 7,061.17.

Banking shares shed 1.52 percent on concerns over the deepening sovereign debt woes in Europe.

The Taiwan dollar was flat at T$30.679.

Foreign investors were net sellers on Tuesday, offloading T$2.783 billion.

Copyright Reuters, 2011