■ Stocks close down
Shares closed 0.32 percent lower yesterday, with the benchmark index falling below the 7,000-point level as investors took their lead from Wall Street's overnight fall, dealers said.
But the impact of profit-taking was limited thanks to continuing rotational plays among select non-technology industrials which offset losses in financial and technology bellwethers, they said.
The TAIEX closed down 22.09 points at 6,984.58, on turnover of NT$93.93 billion (US$2.85 billion).
Decliners led risers 707 to 415, with 138 stocks unchanged.
■ EU lifts tariff threat
The EU lifted a threat to impose tariffs on DVDs from China and Taiwan, saying it was more important to prevent price increases than shield producers in Europe from less expensive imports.
The EU closed a 14-month investigation into whether Chinese and Taiwanese exporters dumped recordable digital versatile discs in Europe. The probe said they control more than four-fifths of the EU's recordable DVD market.
"Measures would have substantial negative effects on importers, distributors, retailers and consumers," the EU said in a report endorsed yesterday in Luxembourg.
■ NT dollar stronger
The New Taiwan dollar rose against its US counterpart yesterday on speculation that exporters took advantage of declines this week to convert overseas earnings.
The NT dollar rose NT$0.051 to close at NT$33.239 on the Taipei foreign exchange market, with turnover of US$856 million.
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