Friday, July 27, 2007

Taiwanese Stocks Drop Most in a Year, Hon Hai Falls: World's Biggest Mover

(Bloomberg) -- Taiwan's stocks plunged the most in a
year as mounting concern a U.S. housing slump is worsening
prompted investors to ditch riskier assets such as equities.

The drop wiped out $32.5 billion of market value today,
according to the Taiwan Stock Exchange. Selling by overseas
investors reached a record.


Read more at Bloomberg Stocks News

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