Share prices closed 1.25 percent lower in thin trading yesterday, with concerns about domestic political developments weighing on sentiment, dealers said.
The worries were largely directed at a campaign by former Democratic Progressive Party chairman Shih Ming-teh (
The sit-in protest starts on Sept. 9.
Chen has denied any wrongdoing and indicated he is determined to stay in office until his second term ends in 2008.
The weighted index lost 81.46 points at 6,444.76, after trading between 6,422.38 and 6,515.08, on turnover of NT$51.03 billion (US$1.55 billion).
"Share prices lost ground in light turnover, indicating cautious sentiment ahead of the planned protest," said Frank Lin, senior vice president with Fubon Securities (富邦證券). "There were fears about whether the protest may turn violent ... investors chose to take a cautious approach."
Besides the uncertain political backdrop, concerns about capital outflows have weighed on sentiment. Recent data showed ongoing outflows of domestic funds.
United Microelectronics Corp (
AU Optronics Corp (
Compal Electronics Inc (
Accton Technology was limit-down NT$1.25 at NT$16.95.