TAIEX slumps 3.41 percent to four-week low

Stocks in Taiwan slumped to a four-week low yesterday as hotter-than-expected US inflation rekindled concerns over interest rates and a global sell-off in technology shares intensified.The benchmark TAIEX fell 1,655.96 points, or 3.41 percent, to close at 46,969.87, on turnover of NT$1.319 trillion