Formosa Plastics Group shares fall after another fire at plant in Yunlin

The selling of the stocks began after fears that the latest fire incident would prompt the Yunlin County government to suspend operations at the affected plants and cause a drop in revenue, as was the case after two fires hit the group's complex in May, they said.

At closing, Formosa Plastics Corp. fell 3.15 percent to NT$107.5 and Nan Ya Plastics Corp. shed 2.56 percent to NT$80.

“Although the Yunlin County government has not responded to the latest fire at the Mailiao complex, such uncertainty has dampened investor sentiment toward these stocks,” said Hua Nan Securities analyst Henry Miao.

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