PC and chip stocks tumbled following Taiwan’s second major earthquake in two months.
The Monday quake, with a preliminary reading of 6.9 on the Richter scale, was the second major earthquake to strike the island nation in less than two months.
The quake was centered about 28 miles northeast of Taiwan in the Pacific Ocean. Its predecessor – a 7.6 quake that killed more than 2,100 people on Sept. 21 – prompted companies as large as Hewlett-Packard to lower their estimates for fourth-quarter results.
A story on the recent quakes financial impact is posted at www.zdnn.com.