Shares of Taiwan's Foxconn rise more than 3%

TAIPEI, Feb 12 (Reuters) - Shares of Taiwan's Foxconn rose more than 3% on Wednesday afternoon on news the company aims to resume half of its output in virus-hit China by end of February.

Shares of Foxconn, formally Hon Hai Precision Industry Co Ltd, gained more than 3% in Wednesday afternoon trade, outperforming a gain of 1% in the benchmark index.

The world's largest contract electronics maker also aims to resume 80% of production in China in March, a person with direct knowledge of the matter told Reuters, citing internal targets set by Chairman Liu Young-Way. (Reporting By Yimou Lee; Editing by Himani Sarkar)

sonos sonos One (Gen 2) - Voice Controlled Smart Speaker with Amazon Alexa Built-in - Black read more

all right reserved for yahoo news

Get the latest news delivered to your inbox

Follow us on social media networks

PREV Reuters Health News Summary
NEXT Former Belgian-Nicaraguan political prisoner calls for probe into Ortega government