Tai­wan shares end higher at 9,368.43, led by Lar­gan

The China Post - - TAIWAN BUSINESS -

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.

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