ASE's ADRs fall over 5% after Siliconware-Hon Hai tie-up

American depositary receipts of Advanced Semiconductor Engineering Inc. (ASE,日月光), one of Taiwan's leading integrated circuit packaging and testing services provider, closed down more than 5 percent on Wall Street overnight due to a strategic alliance announced by rival Siliconware Precision Industries Co. (矽品) and Hon Hai Precision Industry Co. (鴻海), dealers said.

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