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To: shane forbes who wrote (12733)	6/1/1998 12:36:00 AM
From: shane forbes	Read Replies (2) \| Respond to of 25814

Taiwan stunk big time overnight: Taiwan stocks end sharply down on hi-tech selloff TAIPEI, June 1 (Reuters) - A panicky selloff in Taiwan's high-technology sector dragged the stock index to a sharply lower close on Monday, with investors rushing to dump shares amid mounting worries over Asia's economic woes, brokers said. * Closing: down 297.09 points/3.76 percent at 7,606.25 * Hardest-hit was the trend-setting electronics sector, which fell 5.39 percent on eve of one of Taiwan's biggest computer expositions, as confidence evaporated following Wall Street's big declines and heavy institutional selling * Selling accelerated in final hour, with index touching low of 7,574.51 -- a 4.15 pct fall -- shortly before the close. --- shane (also post 12709)