Taiwan shares end higher at 9,368.43, led by Largan
Shares in Taiwan closed higher Monday, led by Largan Precision Co., the most expensive stock on the local bourse.
The weighted index on the Taiwan Stock Exchange ended up 28.30 points, or 0.30 percent, at 9,368.43, after ranging between 9,258.98 and 9,419.22 on turnover of NT$95.27 billion ( US$3.07 billion).
Shares of companies in Apple Inc.’s supply chain were boosted by expectations that Apple will unveil its iOS 9 and a new version of the MacOS X operating system at the upcoming Worldwide Developer Conference.
Largan ( ), one of Apple’s major suppliers in Taiwan, finished 2.61 percent higher at NT$3,340.
Smartphone vendor HTC Corp. ( ), meanwhile, plunged by the daily maximum fall of 10 per- cent to NT$83.6, after the company unexpectedly lowered its financial forecast for the second quarter of this year.
On June 5, HTC cut its second quarter sales forecast to NT$33 billion-NT$36 billion from its previous estimate of NT$46 billion-NT$51 billion made on April 28.
It also projected a net loss of NT$9.70-NT$9.94 per share, compared with an earlier forecast of earnings of NT$0.06-NT$0.34 per share.
Shares of companies in HTC’s supply chain were dragged down as well.
Ways Technical Corp. fell by the daily maximum 10 percent to NT$14.25; Ichia Technologies Inc. closed 2.95 percent lower at NT$23; Merry Electronics Co. lost 5.48 percent to finish at NT$62.1; and Career Technology Co. fell 4.02 percent to close at NT$21.5.