"Now, people are saying the earnings growth may not be strong enough to offset ongoing concerns about higher interest rates in the US and China," Takahashi said.
The TAIEX fell to the lowest this year on Wednesday after the government said it plans to sell US$1.4 billion of shares in listed companies to help curb a rising budget deficit.
Taiwan Semiconductor Manu-facturing Co, the world's largest supplier of made-to-order computer chips, fell 0.9 percent this week. The government plans to sell a 3.2 percent stake, valued at NT$38.3 billion, in the chipmaker in the US this year and reduce the state-run Taiwan Development Fund's stake to about 4.1 percent, said James Ho, deputy executive secretary of the government-owned fund.
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