Market News / Story
Why Himax (HIMX) Shares Are Sliding Today
Stock Story ·
Stock Story reports: What Happened? Shares of semiconductor maker Himax Technologies fell 6.5% in the afternoon session after surging 10-year Treasury yields heightened borrowing cost concerns after the Federal Reserve’s September meeting minutes showed most officials expect another rate increase this year. CNBC reported that the 10-year Treasury yield climbed back above 5.3% on Wednesday and earlier touched its highest level since 2002. The minutes, released Wednesday, said most…