Taiwan stocks open lower, but Hon Hai rises

TAIPEI: Taiwan stocks opened down 0.42 per cent on Monday, as pressure from a Wall Street sell-off was partly offset by expectations that the government would relax restrictions on Taiwan firms' China investments later this week.

The main TAIEX share index was 30.55 points lower at the open at 7,214.21, following a Wall Street drop that saw the S&P 500 tumble 1.11 per cent. Shares of Hon Hai were up 0.72 per cent after local media said it won new low-cost PC orders from Dell, while the broader electronics sub-index was down 0.48 per cent.
Thanks to economictimes.indiatimes.com