Taiwan's stocks fell, led by Taiwan Semiconductor Manufacturing Co (TSMC,
Chinatrust Financial Holding Co (
The TAIEX shed 22.90, or 0.5 percent, to close at 4,572.77. Almost four stocks fell for every three that gained. Trading was worth NT$65.4 billion, 16 percent less than the daily average in the past three months.
TSMC, the world's largest supplier of made-to-order chips, dropped NT$1.50, or 3.3 percent, to NT$44.50.
Chinatrust Financial rose 5.4 percent, to NT$29.10. Chinatrust spokesman Michael Jong (鍾隆吉) said the bank will be able to meet its profit target this year. He declined to comment on next year's target before official forecasts are released.
Formosa Plastics Corp (台塑) rose NT$1.70, or 3.7 percent, to NT$47.30. The flagship of the nation's largest industrial group owns a third of Formosa Petrochemical Corp, which said last week it's planning to sell shares in an initial public offering next year.
Asustek Computer Inc (華碩電腦) slid NT$2, or 3.1 percent, to NT$63. Taiwan's largest maker of boards holding the chips in computers expects its gross margin, or sales minus the cost of production, will fall as customers demand lower prices even though shipments may rise about 63 percent next year, a local newspaper reported.
Asustek officials couldn't be reached to comment.
"We're looking at whether profit will increase even if sales increase," said Roger Chiao, who helps manage NT$5.5 billion of equities at Capital Investment Trust Corp (
D-Link Corp (
E.Sun Financial Holding Co (
Evergreen Marine Corp (
Goldsun Development & Construction Co (國產建設) fell NT$0.16, or 4 percent, to NT$3.85. The Taiwan maker of building materials owns more than two-fifths of TransAsia Airways (復興航空), whose Macau-bound cargo jet crashed in the Taiwan Strait in bad weather on the weekend.
HannStar Display Corp (
Mitac Technology Corp (
Nanya Technology Corp (南亞科技) fell NT$1, or 4.6 percent, to NT$21. Taiwan's largest maker of high-speed computer- memory chips plans to sell 400 million shares to overseas investors to repay debt and buy chipmaking machines.
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