By: Esme Jiang, Jackson Chang and Frances Huang
Taipei, June 3 (CNA) Shares of Taiwan-based smartphone vendor HTC Corp. (宏達
電) incurred more losses to close at a new low on the Taiwan Stock Exchange Wednesday since the stock was listed in March 2002.
Dealers said that the selling reflected a lack of investor confidence in HTC’s outlook at a time when fiercer-than-ever competition in the global smartphone market has imposed tremendous pressure on the firm.
Shares of HTC fell 5.79 percent Wednesday to close at NT$92.80 (US$3.01) with 25.41 million shares changing hands. The weighted index on the TWSE ended down 0.6 percent at 9,556.52 points. [FULL STORY]