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Economy

Taiwan's export orders down 5.8% on weak electronics sales

TAIPEI -- Taiwan's export orders fell 5.8% on the year to $36.6 billion for June, according to figures released Monday by the Ministry of Economic Affairs.

     Orders for semiconductors and other electronic components sank as the global economy and smartphone demand slowed, pulling electronics orders down 6.7%. Precision equipment orders tumbled 15.9% as price competition raged and demand for LCD panels cooled.

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