Stocks dropped for the first day in three yesterday.
Quanta Computer Inc (廣達 電腦), the world's largest notebook-computer maker, led declining shares on concern it will face shortages of flat-panel displays.
Taiwan Semiconductor Manu-facturing Co (TSMC,
"US consumer demand has started to accelerate entering into the back-to-school season," said Edward Tseng, who manages Ta Chong Investment Trust Co's (
"That should translate into better demand for Taiwan's exports," he said.
The TAIEX shed 5.52, or 0.1 percent, to 5,436.75, reversing an earlier gain of as much as 0.9 percent. About five stocks declined for every two that rose.
Index futures expiring in August slumped 0.4 percent to 5,447.
Turnover was NT$148.02 billion (US$4.3 billion).
Quanta Computer fell NT$1, or 1.2 percent, to NT$85.50.
Screen suppliers are shifting production to larger panels used in televisions, which are more profitable, Texas-based market researcher DisplaySearch said on Wednesday.
TSMC, the world's largest maker of computer chips on a subcontracting basis that gets three-quarters of its sales from the US, rose NT$0.50, or 0.9 percent, to NT$59.50.
China Airlines Co (華航) gained NT$0.25, or 1.8 percent, to end at NT$14.20. The airlines is upgrading its fleet as the carrier tries to improve its image after its fifth fatal crash in 11 years.
Chunghwa Telecom Co (
Pacific Electric Wire & Cable Co (
It slumped NT$0.05, or 5.4 percent, to NT$0.88.
MSCI reviews its indexes quarterly, and adds or subtracts mem-bers to ensure the benchmarks comprise 85 percent of each country's market value that's available to investors.
First Financial Holding Co (
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