Stocks dropped yesterday, pushing down the TAEIX for a third session.
Taiwan Semiconductor Manufacturing Co (TSMC,
"The growth outlook for the semiconductor industry is worrisome in the second half," said Yang Ya-hui (
"Demand for semiconductors wasn't as strong as investors would like," he said.
The TAEIX shed 42.14, or 0.8 percent, to 5,331.71, for a three-day, 1.4 percent drop. The TAEIX futures for delivery next month lost 0.2 percent to 5,275.
TSMC fell 3.7 percent to NT$41.20, while UMC dropped 2.3 percent to NT$21 on news that Nvidia Corp and STMicroelectronics NV are among about 10 customers that will start cutting orders with the Taiwanese chip suppliers in the current quarter.
AU Optronics Corp (
AU Optronics, the country's largest maker of flat-panel displays used in computers and televisions, fell 1.2 percent to NT$39.90. Quanta Computer, the world's biggest notebook computer maker, fell 2.4 percent to NT$60.50.
"Economic indicators may show the US economy will slow in the coming months," said Mike Shiao (