Date: Dec 13, 2018
By: Staff writer, with CNA
Shares of Hon Hai Precision Industry Co (鴻海), a key assembler of Apple Inc’s iPhones, yesterday remained strong following media reports that chairman Terry Gou (郭台銘) bought about NT$2 billion (US$64.8 million) shares last month, dealers said.
However, the gains could be short-lived as global demand for the latest iPhones is slower than expected and trade tensions between the US and China continues, they said.
The stock closed 4.1 percent higher at NT$71.20 on turnover of 52.2 million shares, Taiwan Stock Exchange (TWSE) data showed.
The stock attracted strong buying soon after the market opened and its momentum continued, dealers said. [FULL STORY]