Derek Lam is an American fashion designer, known for a calculated simplicity and modern sensibility. In addition to designing his own line, Lam was Tod's Creative Director for ready-to-wear and accessories from 2005 until 2010... (wikipedia)
There is a long list of negative news today,
We had been lagging regional markets for a while, so it's time for us to catch up with them,
Mobile phone shipments in the first quarter are likely to be flat or better than those in the fourth quarter on launches of new handset models.
Microsoft's decision to delay the launch of Vista also had a negative impact on local technology stocks.
There was talk the Chinese government will let its people visit Taiwan soon.
It's wonderful to be part of the community of designers who I've always admired so much. To actually be recognized by an organization and a larger community that has the same focus and point of view - I'm really pleased.
Investors are now less eager to chase prices higher after the big rally recently.