TAIPEI Nov 13 The Taiwan stock exchange said on
Tuesday it is looking into unusual moves in the shares of HTC
Corp one day before the smartphone maker announced a
settlement with Apple Inc.
HTC shares had jumped by their permitted daily limit on
Friday, one day before a surprise announcement in the U.S. that
the company had agreed with Apple to end a long-running patent
"We are looking into whether there has been abnormal trading
of HTC stocks," said Michael Lin, a senior executive president
of the stock exchange.
"If we think there are problems, we'll submit the case to
regulators," Lin said.
An HTC spokeswoman said the company was looking into the
matter but had no immediate comment.
At 0135 GMT, shares of HTC tumbled nearly 6 percent, against
a 1.43 percent slide of the broader market.