Taiwan stocks end flat; big tech names weaken

Published: 24 May 2009 21:43:29 PST

TAIPEI, May 25 - Taiwan stocks closed almost flat on Monday after hitting a nine-month high, as investors shunned big tech names such as Hon Hai <2317.TW> after recent gains, while they poured money into buy smaller firms making niche components for new tech gadgets.

Taiwan's main TAIEX share index <.TWII> rose more than 2 percent in early trade but lost mementum gradually to end down 0.04 percent at 6,734.46. The day's fall followed a 3.8 percent rise last week. (US$1=T$32.6)