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Shares of Taiwan's Lumax nosedive after massive power outage

Initial investigation blames utility system company, sends stocks to year low

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People walk on a street during a massive power outage in Taipei, on August 15.   © Reuters

HONG KONG -- Shares in Lumax International dropped on Wednesday amid fears the Taiwanese maker of control systems for power plants and factories could come under fire after a massive blackout hit the island nation on Tuesday evening.

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