Stocks fell, led by China Airlines Co (
The TAIEX fell 24.89, or 0.5 percent, to close at 4,618.98. MSCI Taiwan futures for February delivery in Singapore rose 0.3 percent to 194.00. The Taiwan Futures Index fell 0.1 percent to 4635. More than one stock fell for each that gained.
Trading at NT$62.4 billion was 28 percent below the daily average in the past three months.
Chen said proposed direct flights don't necessarily mean flying directly to China and will be required to pass through other airspace due to national security concerns.
China Airlines fell NT$0.25, or 1.7 percent, to NT$14.3. EVA fell NT$0.20 to NT$13.25.
"Direct links with China is a political issue that will take a long time before anything can be resolved," said Mike Shiao, who manages the NT$1.1 billion (US$32 million) GP Taiwan Growth Fund at Invesco Taiwan Ltd (
"Some investors have overvalued the benefits that direct links can bring," Shiao said.
China Development Financial Holding Corp (
BenQ Corp (
Chunghwa Telecom Co (
Delta Electronics Inc (台達電子), the world's largest maker of computer power-supply systems, rose NT$1.10, or 2.9 percent, to NT$39 after it said last month's sales almost doubled from a year ago.
Lite-On Technology Corp (
United Microelectronics Corp (UMC,
Yulon Motor Co (
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