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Foxconn Group market capital slashed NT$232 billion in 6 days  - Foxconn Group market capital slashed NT$232 billion in 6 days
Tue, March 06 2007 | 3:21PM | PermaLink Feedback?
"Market values of the stocks of four member companies of the Foxconn (Hon Hai Precision Industry) Group were slashed as much as NT$232.74 billion (US$7.07 billion) in the six sessions since February 26 due mainly to political turbulence in Taiwan and weakening stock markets around the globe, according to data made available at the Taiwan Stock Exchange (TSE).

On March 5 alone, the weighted index of the TSE (TAIEX) slid 285.59 points, or 3.7%, to close at 7344.56, the lowest level so far in 2007, after Taiwan President Chen Shui-bian publicly announced at a recent dinner meeting that, "Taiwan wants independence, wants name rectification, wants a new constitution, and wants development," according to TSE data and press from the Presidential Office."

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