Taiwan: Stocks rise, Hon Hai falls after unit issues profit warning
[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
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Wall Street bonus rules return to regulatory agenda in third try
US: Nasdaq, S&P tumble as Netflix, chip stocks drag
Europe: L’Oreal gains cap third week of declines
China to facilitate Hong Kong IPOs and expand Stock Connect
Global equity funds see surge in outflows as rate cut hopes fade
Israel hits back, markets react; STI down 0.4%