HTC booted from blue-chip listing

TAIWAN'S stock exchange has moved smartphone maker HTC from its index of blue chip companies to the FTSE TWSE Taiwan Mid-Cap 100 Index.

Taiwan's stock exchange has removed smartphone maker HTC from its index of blue chip companies.

TAIWAN'S stock exchange has removed smartphone maker HTC from its index of blue chip companies, signposting the dramatic decline of a business that once ranked as Taiwan's No 1 brand and dazzled consumers with some of the world's first Android handsets.

THE exchange removed HTC from its FTSE TWSE Taiwan 50 index on Monday after the company's market value declined below the level required for inclusion in the market benchmark. The index lists Taiwan's 50 biggest companies which together represent 70 per cent of the market's value.