Share prices closed 0.49 percent lower yesterday as weakness in the bellwether technology sector pulled down the benchmark index, dealers said.
They said, however, the benchmark index's losses were limited by interest in financials and select non-tech industrials.
The weighted index lost 32.63 points to 6,562.29, off a low of 6,557.76 and a high of 6,623.55, on turnover of NT$80.97 billion (US$2.50 billion).
Decliners led risers 756 to 303, with 138 stocks unchanged.
The electronics sector was down 0.66 percent.
The financial sector was up 0.54 percent, outperforming the broader market on the back of Mega Financial Holding Co's (
Jih Sun Securities Investment (日盛投顧) deputy manager Wilson Lien said the local technology sector, alongside that of South Korea, came under a significant spate of selling yesterday.
With consolidation in the nation's financial services sector once again attracting attention, financial stocks stand to enjoy at least a near-term upswing, he said.
Technology majors, on the other hand, may stay under pressure until share prices fully reflect the expectation of sales and earnings losing steam in the seasonally weaker first season, he said.
Taiwan Semiconductor Manu-facturing Co (
Mega Financial closed limit-up NT$1.55 at NT$24.35, while Chinatrust Financial was unchanged at NT$26.60.
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