Phoenix Silicon News Today

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EQUITIES <strong>TAIEX sinks near 16,400</strong> The TAIEX nearly dropped to 16,400 points after further overnight losses on US markets, dealers said. The bellwether electronics sector led the downturn on the main local board, with investors concerned that rising interest rates would make the stocks less attractive. Selling was also reported among old-economy stocks, despite a rebound by select shipping heavyweights, dealers said. The TAIEX closed down 114.85 points, or 0.7 percent,...