HTC Shares Surge by Daily Limit in Taipei Trading - Bloomberg

HTC Corp. (2498) surged by the daily limit in Taipei trading after the stock went ex-dividend, meaning the company will probably start buying back its shares from today, said Richard Ko, an analyst at KGI Securities Co. The share jumped 7 percent to NT$872 in Taiwan. The smartphone maker said it will buy back as much as 2.4 percent of its outstanding shares.