Share prices closed 0.37 percent lower at the day's low yesterday after a rebound following Wall Street's overnight gains fizzled, dealers said.
They said lingering concerns over opposition efforts to force President Chen Shui-bian (
The weighted index closed down 24.42 points at 6,526.22, off a high of 6,600.94, on turnover of NT$59.50 billion (US$1.81 billion).
Dealers said the market opened firmer in a reflex reaction to closing gains on Wall Street and following yesterday's slump on the local bourse, but the advance lacked follow-through and soon gave way to caution.
Although the political campaign led by Shih Ming-teh (
"Political factors grabbed the market's spotlight this week and such uncertainties will continue to be the main variable next week," said Johnny Lee, a manager with President Securities Corp (
He said no other major trading factors to explain the day's share price movement besides concerns over local political developments.
Taiwan Semiconductor Manufacturing Co (
BenQ Corp (