Taiwan tech stocks hit as Biden drops out of U.S. race
TAIPEI -- Top Taiwanese tech stocks dipped on Monday after U.S. President Joe Biden announced he was withdrawing from the presidential race, the latest political development to shake Asia's chip technology economy.
The benchmark Taiex index -- which was up nearly 28% this year as of July 19 -- ended the day down 2.68%, having fallen more than 3% at one point on Monday.