Taiwan: Stocks up; HTC drops after Q3 net loss

[TAIPEI] Taiwan stocks gained on Tuesday, in line with other regional share markets bolstered by the prospect of a delay in the US Federal Reserve's plan to raise interest rates.

But smartphone manufacturer HTC Corp lost 2.6 per cent after posting an unaudited net loss of US$137.63 million in the third quarter.

As of 0201 GMT, the main TAIEX index was up 0.7 per cent at 8,410.17 points, building on a gain of 0.6 per cent in the previous session.

LCD panel makers were the top gainers, climbing more than 2 per cent. The electronics subindex rose 0.7 per cent, while the financials subindex gained 0.7 per cent.

Nanya Technology and its joint venture with US Micron Technology, Inotera Memories, lost 3.2 per cent and 2.8 per cent respectively. Media reports said Charles Kao, chairman of Inotera Memories and president of Nanya Technology, will join Chinese state-backed rival Tsinghua Unigroup.

The Taiwan dollar firmed T$0.291 to T$32.711 per US dollar.

REUTERS