Stock Market

Taiwan stocks closed 1.95 percent lower on Monday, as weak consumer data from the United States raised doubts about the strength of economic recovery, pressuring export-reliant technology stocks such as Hon Hai. The main TAIEX share index finished 137.71 points lower at 6,931.80, logging its worst daily percentage fall in five weeks. Turnover was light at T$96 billion ($2.9 billion), compared with T$125 billion on Friday.