Taiwan Stocks: Catcher Technology, Gold Circuit, TPK Holding
Shares of the following companies had unusual moves in Taiwan trading. Stock symbols are in parentheses and prices are as of the close in Taipei. The benchmark Taiex Index fell 1.5 percent to 7,507.15. The gauge retreated 3.6 percent this week, the biggest drop since November.
Catcher Technology Co. (2474) (2474 TT) dropped 6.8 percent to NT$185, the lowest close since Jan. 31. Gross margins will fall this year as labor costs climb, Jih Sun Securities Ltd. said in a report.
Gold Circuit Electronics Ltd. (2368) (2368 TT) slid 7 percent to NT$6.53, the most since Nov. 21. The printed circuit board maker said a fire broke out at one of its plants and is estimated to affect the global supply of boards by 15 percent this month, according to a statement to the Taiwan Stock Exchange.
TPK Holding Co. (3673) (3673 TT) slumped 7 percent to NT$388, the biggest decline since Nov. 10. Apple Inc. is using new in-cell touch technology for the new generation iPhone, hurting sales and earnings for the company, a supplier for previous iPhone models, KGI Securities Co. said in a report.
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