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Taiwan: Stocks rise, Hon Hai falls after unit issues profit warning

Tuesday, October 4, 2016 - 11:30

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[TAIPEI] Taiwan stocks rose on Tuesday, heading for their second straight session of gains, with banking and technology shares leading the way.

The main Taiex index was up 0.3 per cent at 9,265.31 as of 0312 GMT, after closing 0.7 per cent higher in the previous session.

The electronics subindex rose 0.4 per cent, while the financials subindex gained 0.4 per cent.

However, Hon Hai Precision Industry Co fell 0.1 per cent after unit FIH Mobile warned its consolidated net profit would more than halve this year as weaker sales dent business at the Hong Kong-listed company.

The Taiwan dollar softened T$0.003 to T$31.333 per US dollar.

REUTERS

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